A Case for Bitcoin
A Case for Bitcoin
Nov 05, 2019 // 687 Words
Can Bitcoin price reach $100,000 by the end of 2021?
Can Bitcoin price reach $100,000 by the end of 2021?
Bitcoin is the most important invention in the history of the world since the Internet. – Roger Ver
Does Homer Simpson know something about Bitcoin that you don’t? Well, if you have never heard these predictions about the price of Bitcoin, then perhaps he does.
Why Bitcoin price can reach $100,000 or more by the end of 2021.
Bitcoin’s price has been on a wild ride throughout 2019, roughly tripling in U.S. dollars since the start of the year.
That said, Anthony “Pomp” Pompliano, the co-founder of Morgan Creek Digital and other crypto experts, believe that the party is just getting started. They are confident that it will reach $100,000 by the end of 2021.
My favorite prediction is by John McAfee, who said, “In the long term, Bitcoin moves above $500,000 within three years. Bets? If not, I will eat my d!ck on national TV.“
Now Everyone is Bullish on Bitcoin… Even Goldman Sachs!
Bitcoin will do to banks what email did to the postal industry. – Rick Falkvinge
I have spent countless hours reading articles where both advanced and amateur crypto enthusiasts make predictions about the bottom, what it will be when it gets there, and then what it will hit next week, next year, etc.
So, what fuels all the chatter? Until recently, nothing but sentiment. But that’s changing now!
Cryptology represents the future of privacy [and] by implication [it] also represents the future of money, and the future of banking and finance. – Orlin Grabbe
It’s safe to say the world has begun to acknowledge money 2.0. We have the Internet of Things (IoT), but now the Internet of Value (IoV) is taking form and creating a robust emerging sector.
- Institutions like Fidelity are mining cryptocurrencies.
- Central banks and technology companies are launching digital currencies.
- The IMF envisions the central bank using cryptocurrencies.
- Top German bank predicts Bitcoin to hit $90,000 by 2020.
The benefits of blockchain technology are becoming more apparent. One of its greatest appeals is the ability to store and monitor the data of millions of users, and Facebook’s problems have shown us how easily our data could easily be accessed and controlled.
In recent news, megabanks are allegedly becoming more bullish on Bitcoin. Goldman Sachs is even setting bullish price targets, while also highlighting that a pullback on Bitcoin could provide an “opportunity to buy on weakness” as long as Bitcoin holds above $9,000.
Bitcoin Ultrahard Money 2.0
Bitcoin is the currency of resistance. – Max Keiser
Bayern LB, one of Germany’s top banks, has published a report in strong support of bitcoin superseding gold, predicting a price of $90,000 per BTC post bitcoin’s halving in 2020.
The report was entitled, “Is Bitcoin outshining gold?” within it, the bank’s researchers delved into the stock-to-flow ratios of gold and bitcoin, specifically regarding the impact of reduced supply on asset value.
Multiple Metrics Make the Bullish Case for Bitcoin
Bitcoin, and the ideas behind it, will be a disrupter to the traditional notions of currency. In the end, currency will be better for it. – Edmund C. Moy
Recession is when a neighbor loses his job. Depression is when you lose yours. – Ronald Regan
To see an opportunity we must be open to all thoughts. – Catherine Pulsifer
Additional Citations and References:
- Forbes: Bitcoin And Cryptocurrencies Are A Hedge For Bad Government
- Forbes: Crypto Is Replacing Fiat Currency In Troubled Countries
- Medium: How Bitcoin and Crypto is Proving to Be a Hedge Against Global Risks
- HedgeTrade: Pitfalls of FIAT Currency and How Bitcoin is Better
- U.S. National Debt Clock: Real Time
Opportunities are like sunrises. If you wait too long, you miss them. – William Arthur Ward
Crisis and Opportunity – Opportunity is always present in the midst of a crisis. The Chinese word for crisis carries two elements, danger [ 危 ] and opportunity [ 机 ]. No matter the difficulty of the circumstances, no matter how dangerous the situation, at the heart of each crisis lies a tremendous opportunity. Great Blessings lie ahead for the one who knows the secret of finding opportunities within each crisis.
Bitcoin is the most important invention in the history of the world since the Internet. – Roger Ver
Does Homer Simpson know something about Bitcoin that you don’t? Well, if you have never heard these predictions about the price of Bitcoin, then perhaps he does.
Why Bitcoin price can reach $100,000 or more by the end of 2021.
Bitcoin’s price has been on a wild ride throughout 2019, roughly tripling in U.S. dollars since the start of the year.
That said, Anthony “Pomp” Pompliano, the co-founder of Morgan Creek Digital and other crypto experts, believe that the party is just getting started. They are confident that it will reach $100,000 by the end of 2021.
My favorite prediction is by John McAfee, who said, “In the long term, Bitcoin moves above $500,000 within three years. Bets? If not, I will eat my d!ck on national TV.“
Now Everyone is Bullish on Bitcoin… Even Goldman Sachs!
Bitcoin will do to banks what email did to the postal industry. – Rick Falkvinge
I have spent countless hours reading articles where both advanced and amateur crypto enthusiasts make predictions about the bottom, what it will be when it gets there, and then what it will hit next week, next year, etc.
So, what fuels all the chatter? Until recently, nothing but sentiment. But that’s changing now!
Cryptology represents the future of privacy [and] by implication [it] also represents the future of money, and the future of banking and finance. – Orlin Grabbe
It’s safe to say the world has begun to acknowledge money 2.0. We have the Internet of Things (IoT), but now the Internet of Value (IoV) is taking form and creating a robust emerging sector.
- Institutions like Fidelity are mining cryptocurrencies.
- Central banks and technology companies are launching digital currencies.
- The IMF envisions the central bank using cryptocurrencies.
- Top German bank predicts Bitcoin to hit $90,000 by 2020.
The benefits of blockchain technology are becoming more apparent. One of its greatest appeals is the ability to store and monitor the data of millions of users, and Facebook’s problems have shown us how easily our data could easily be accessed and controlled.
In recent news, megabanks are allegedly becoming more bullish on Bitcoin. Goldman Sachs is even setting bullish price targets, while also highlighting that a pullback on Bitcoin could provide an “opportunity to buy on weakness” as long as Bitcoin holds above $9,000.
Bitcoin Ultrahard Money 2.0
Bitcoin is the currency of resistance. – Max Keiser
Bayern LB, one of Germany’s top banks, has published a report in strong support of bitcoin superseding gold, predicting a price of $90,000 per BTC post bitcoin’s halving in 2020.
The report was entitled, “Is Bitcoin outshining gold?” within it, the bank’s researchers delved into the stock-to-flow ratios of gold and bitcoin, specifically regarding the impact of reduced supply on asset value.
Multiple Metrics Make the Bullish Case for Bitcoin
Bitcoin, and the ideas behind it, will be a disrupter to the traditional notions of currency. In the end, currency will be better for it. – Edmund C. Moy
Recession is when a neighbor loses his job. Depression is when you lose yours. – Ronald Regan
To see an opportunity we must be open to all thoughts. – Catherine Pulsifer
Additional Citations and References:
- Forbes: Bitcoin And Cryptocurrencies Are A Hedge For Bad Government
- Forbes: Crypto Is Replacing Fiat Currency In Troubled Countries
- Medium: How Bitcoin and Crypto is Proving to Be a Hedge Against Global Risks
- HedgeTrade: Pitfalls of FIAT Currency and How Bitcoin is Better
- U.S. National Debt Clock: Real Time
Opportunities are like sunrises. If you wait too long, you miss them. – William Arthur Ward
Crisis and Opportunity – Opportunity is always present in the midst of a crisis. The Chinese word for crisis carries two elements, danger [ 危 ] and opportunity [ 机 ]. No matter the difficulty of the circumstances, no matter how dangerous the situation, at the heart of each crisis lies a tremendous opportunity. Great Blessings lie ahead for the one who knows the secret of finding opportunities within each crisis.
