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Crypto investment firm Pantera Capital has revealed a Bitcoin pricing model for BTC that places the world’s biggest cryptocurrency asset by market cap at staggering new levels.
In the company’s April letter to investors, Pantera notes that one of their models, which compares the amount of new Bitcoin users to the flagship crypto’s price, reveals a terminal BTC price of $700,000.
In other trending Bitcoin News today:
Japanese gaming giant Nexon invests $100M into Bitcoin. The online games and virtual world creator has snapped up 1,717 BTC for $58,226 each, as it believes the cryptocurrency offers “long-term stability and liquidity.”
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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.
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