Posted by goldnice on 10th of Dec 2020 at 08:27 pm
MSTR CEO and founder Michael Saylor finally gave his first
longterm Bitcoin price prediction. $8 million dollars... Things are
getting crazy. With Bitcoin's market cap at $330 billion and the
combined market cap of Gold, Negative yielding bonds, Low yielding
bonds, and Big Tech at $150 trillion even if 1% of that flows into
bitcoin it will send its price skyrocketing as most bitcoin is
never coming onto the market in their mind. What a time to be
alive. I own bitcoin as a global reserve asset and i will never
sell it unless it goes to 100k but i hope it goes to 0 just to have
these guys just shut up and have to explain why gold is better than
bitcoin. Good luck to all.
I thought Cathie Wood's price target of $500,000 was high. The
idea is that institutions will allocate funds to bitcoin, say 1%
each, then it will grow and become 5%, etc. Hey, anything is
possible in this market. Valuation is out the window and has been
for years. Going to see another big drop at some point in the
markets, the question is when, could be today or months from now. I
always appreciate the information and charts you share.
MSTR CEO and founder Michael
Posted by goldnice on 10th of Dec 2020 at 08:27 pm
MSTR CEO and founder Michael Saylor finally gave his first longterm Bitcoin price prediction. $8 million dollars... Things are getting crazy. With Bitcoin's market cap at $330 billion and the combined market cap of Gold, Negative yielding bonds, Low yielding bonds, and Big Tech at $150 trillion even if 1% of that flows into bitcoin it will send its price skyrocketing as most bitcoin is never coming onto the market in their mind. What a time to be alive. I own bitcoin as a global reserve asset and i will never sell it unless it goes to 100k but i hope it goes to 0 just to have these guys just shut up and have to explain why gold is better than bitcoin. Good luck to all.
I thought Cathie Wood's price
Posted by fundamentalvalues on 11th of Dec 2020 at 07:50 am
I thought Cathie Wood's price target of $500,000 was high. The idea is that institutions will allocate funds to bitcoin, say 1% each, then it will grow and become 5%, etc. Hey, anything is possible in this market. Valuation is out the window and has been for years. Going to see another big drop at some point in the markets, the question is when, could be today or months from now. I always appreciate the information and charts you share.
That being said, I will
Posted by fundamentalvalues on 11th of Dec 2020 at 07:50 am
That being said, I will continue to trade what is in front of me and let price be my guide. One day at a time.