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963: BITCOIN WILL WHIPSAW TRADERS TO $100,000 THIS YEAR, SAYS BLOCKSTREAM CEO - HERE’S HOW!!
Manage episode 332119358 series 2835096
The chief executive officer of blockchain technology company Blockstream, Adam Back, says that the leading crypto asset Bitcoin could see a 5x increase in price by the end of the year hitting $100K per BTC.
“Everyone has their pet macro-views. My guess: stock market + US election season, moral hazard kicks up, quantitative easing ramps up again, rates drop again, money printer goes into overdrive. So the interest rate overhang falls off, and BTC decorrelates somewhere along the way once DeFi (decentralized finance) flushed.
My permabull case for BTC/USD [is] $100,000 this year. Plus a US physical Bitcoin ETF chaser (GBTC upgrade + other) would create a nice whipsaw and probably trigger a big uncoupling and positive reflexivity into a blow off top next year.”
Learn more about your ad choices. Visit megaphone.fm/adchoices
1068 פרקים
963: BITCOIN WILL WHIPSAW TRADERS TO $100,000 THIS YEAR, SAYS BLOCKSTREAM CEO - HERE’S HOW!!
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
Manage episode 332119358 series 2835096
The chief executive officer of blockchain technology company Blockstream, Adam Back, says that the leading crypto asset Bitcoin could see a 5x increase in price by the end of the year hitting $100K per BTC.
“Everyone has their pet macro-views. My guess: stock market + US election season, moral hazard kicks up, quantitative easing ramps up again, rates drop again, money printer goes into overdrive. So the interest rate overhang falls off, and BTC decorrelates somewhere along the way once DeFi (decentralized finance) flushed.
My permabull case for BTC/USD [is] $100,000 this year. Plus a US physical Bitcoin ETF chaser (GBTC upgrade + other) would create a nice whipsaw and probably trigger a big uncoupling and positive reflexivity into a blow off top next year.”
Learn more about your ad choices. Visit megaphone.fm/adchoices
1068 פרקים
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