Well its official. Bitcoin to $500k !
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Cathy Wood in an interview came out today and declared that a Bitcoin valuation of around $500,000 might not be such a big stretch after all if institutions start to accumulate - especially with the likely imminent release of Crypto ETF's.
“If institutions around the world were to allocate 5 per cent of their portfolios to bitcoin, that allocation alone … would add roughly US$500,000 to bitcoin’s price today,” she said.
Is Cathy likely to be right - who knows. Will Bitcoin get to 500k a coin - who knows. Is it fun to speculate - probably :)
What do you think? 500k might not be a reality, but it might make 100k perhaps a little more likely than it might have been a few short weeks ago.
Not trading advice! But if it gets to 500k, here is my post for posterity :D Wonder if I will be alive...
Article: fintechbusiness.com/wealth/2131-institutional-investors-could-add-500-000-to-bitcoin-overnight
“If institutions around the world were to allocate 5 per cent of their portfolios to bitcoin, that allocation alone … would add roughly US$500,000 to bitcoin’s price today,” she said.
Is Cathy likely to be right - who knows. Will Bitcoin get to 500k a coin - who knows. Is it fun to speculate - probably :)
What do you think? 500k might not be a reality, but it might make 100k perhaps a little more likely than it might have been a few short weeks ago.
Not trading advice! But if it gets to 500k, here is my post for posterity :D Wonder if I will be alive...
Article: fintechbusiness.com/wealth/2131-institutional-investors-could-add-500-000-to-bitcoin-overnight
Komen
Another article: Bitcoin to 168k before 2022.finance.yahoo.com/news/tom-lee-1-key-driver-132800142.html
Komen
Still bullish. Just having a little rest.Komen
Got our bounce.
NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.
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FIND TRAILING STOPS: SuperTrail.io
FIND COINS BREAKING OUT: CoinRaces.cc
MY YOUTUBE TRADINGVIEW TIPS AND TRICKS: bit.ly/3kRW08o
MEXC FOR CRYPTO: bit.ly/47QCeNR
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