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Crypto investment analyst Teeka Tiwari, who picked BTC at $428 in 2016 shared in a new interview, “In my opinion, over the next five years, a Bitcoin will be worth over a half a million dollars.”
The former hedge fund manger and Wall Street executive predicted back in August when Bitcoin was still trading at about $10,000 that BTC would reach $60,000 or $70,000 “a lot sooner than most people realize.”
“It’s still very much early days in bitcoin,” he stated. “I remember when I recommended bitcoin at $428. People told me I was crazy, that this ship had sailed, because bitcoin had been a hundred dollars, just a few years earlier.”
“A few years before that, [Bitcoin] was $10, and a year before that at seven cents,” he shared. “So people couldn’t understand how I could, in all good conscience, recommend bitcoin at $400. They said the same thing to me at $5,000, $10,000, $15,000. In my opinion, over the next five years, a bitcoin will be worth over a half a million dollars.”
In other trending Bitcoin News today: Square to acquire Australian fintech Afterpay in $29B deal.
Jack Dorsey’s cryptocurrency-friendly digital payments firm Square is expanding competition with global payment giants like PayPal by acquiring a major Australian lending company.
Square announced Sunday that the firm has entered into a scheme implementation deed to acquire all of the issued shares in fintech company Afterpay in a $29 billion deal. The transaction is based on the closing price of the Square common share and is expected to be paid in all stock in the first quarter of 2022.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
https://www.breitbart.com/economy/2021/07/27/teeka-tiwari-bitcoin-will-be-check-against-central-banks-money-printing-debasement-currency/
https://cointelegraph.com/news/square-to-acquire-australian-fintech-afterpay-in-29b-deal
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Bitcoin’s Next Frontier: Plan B Sets Sights on $87K, Affirming Course Toward Six Figures
The world of cryptocurrency is once again abuzz with excitement as the renowned Stock-to-Flow (S2F) model, popularly known as “Plan B,” maintains its bold prediction for Bitcoin’s next target: $87,000. According to the latest update, Plan B asserts that the BTC price is “still on track” toward achieving the coveted six-figure milestone, igniting anticipation and speculation among crypto enthusiasts.
Plan B’s S2F model has gained significant credibility for its historical accuracy in predicting Bitcoin’s price movements based on the asset’s scarcity. As the crypto market experiences fluctuations influenced by various factors, the consistency of Plan B’s projections has captured the attention of both seasoned investors and newcomers alike.
The article highlights the confidence expressed by Plan B in Bitcoin’s trajectory, affirming that the cryptocurrency is steadfastly moving toward the $87,000 mark. Understanding the basis of this prediction involves delving into the Stock-to-Flow model, which factors in Bitcoin’s production rate and circulating supply to estimate its future value.
For investors navigating the volatile crypto landscape, the reassurance from Plan B may provide a sense of confidence in the midst of uncertainty. However, it’s crucial to acknowledge that the market can be unpredictable, and external factors such as regulatory developments, macroeconomic trends, and market sentiment can influence the trajectory of digital assets.
As Bitcoin enthusiasts eagerly await the realization of this $87,000 target, it’s essential to approach such predictions with a balanced perspective. While the S2F model has been remarkably accurate in the past, unforeseen events can impact market dynamics. Investors are encouraged to stay informed, conduct their research, and consider various factors when making decisions in the crypto space.
The journey toward six-figure territory for Bitcoin remains an intriguing narrative in the evolving landscape of digital currencies. As Plan B’s projections continue to capture the imagination of the crypto community, eyes will be glued to the charts to see if Bitcoin can indeed reach the anticipated $87,000 milestone. Whether this becomes a reality or introduces new twists to the crypto saga, only time will unveil the next chapter in Bitcoin’s remarkable journey.
