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Top investor explains why the Bitcoin (BTC) price could surge 1,300% in the next 24 months.
For some reason or another, many investors and analysts have begun to fear the worst for the medium-term outlook of the Bitcoin market over the past few months.
Mark Dow, a hedge fund manager that shorted BTC when it traded at $19,000 in December 2017, recently claimed that the cryptocurrency will “die a grinding death, punctuated by spoofs and FOMO spasms of decreasing frequency and intensity.”
Though, some bulls are sticking to their guns. One such bull is Anthony Pompliano, a co-founder and managing partner of crypto venture fund Morgan Creek Capital.
In a recent interview, the long-time investor and tech entrepreneur remarked that he still believes that the Bitcoin price will hit $100,000 by December 2021, just over two years away:
“We will see Bitcoin’s price at $100,000 by December 2021.”
The reason: In less than six months’ time, BTC will see an extremely important event. Known as a “halving” or “halvening,” the number of coins issued per block to miners will get cut in half, effectively meaning that Bitcoin’s inflation rate will be cut in half in layman’s terms.
In other Crypto news today:
3 hot Altcoins lead the market while Bitcoin (BTC) is prepping for its next block reward halving.
While open internet on the CME BTC futures has dropped to 6 month low, Bakkt’s has been reaching to a new high. In the meantime, we are less than 5 months away from the Bitcoin halving with prominent analyst Willy Woo saying, “Prep for halvening front running here on in.”
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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:
Bank of America believes the Federal Reserve may have to resort back to quantitative easing as early as Q4 this year.Step 1 was cutting interest rates.Step 2 is printing money.Step 3 will be the Bitcoin halving.
You can’t write a better script for the rise of Bitcoin 🔥
— Pomp 🌪 (@APompliano) August 7, 2019
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Ethereum’s Ambitious Ascent: A ‘Parabolic Attack’ on Bitcoin as All-Time Highs Beckon
The cryptocurrency realm is abuzz with anticipation as Ethereum gears up for what has been dubbed a ‘parabolic attack’ on Bitcoin, aiming to surpass all-time highs. The question on everyone’s mind: Can Bitcoin reach the coveted $100,000 milestone in the face of Ethereum’s ambitious surge?
The focal point of this speculation revolves around Ethereum’s recent momentum, positioning itself as a formidable competitor to Bitcoin’s dominance. The article in question paints a vivid picture of Ethereum launching a ‘parabolic attack’ – a term that implies an explosive and rapid upward trajectory – in a bid to outshine Bitcoin’s all-time high.
Ethereum, known for its smart contract capabilities and decentralized applications, has seen significant developments, including the Ethereum 2.0 upgrade. As the platform evolves, investors and analysts are closely watching for signals that Ethereum could potentially outperform Bitcoin in the near future.
The idea of Ethereum beating Bitcoin to all-time highs introduces a new dynamic to the ongoing narrative of cryptocurrency market dynamics. Ethereum’s rise is not only seen as a testament to its technological advancements but also as a potential challenger to Bitcoin’s long-standing reign as the leading digital asset.
On the flip side, the article raises the question of whether Bitcoin can reach the highly anticipated $100,000 milestone. The crypto community has long speculated about Bitcoin’s potential to reach six figures, and Ethereum’s ‘parabolic attack’ adds an additional layer of complexity to this conversation.
Investors are now faced with the challenge of gauging the validity of these predictions and positioning themselves strategically in response to the evolving dynamics. As Ethereum vies for supremacy and Bitcoin seeks to maintain its position at the helm, the cryptocurrency landscape promises continued excitement and uncertainty.
It’s crucial for investors to approach these market dynamics with a comprehensive understanding of the factors at play. Market sentiment, regulatory developments, and technological advancements are among the variables that can influence the trajectory of both Ethereum and Bitcoin.
In the grand theater of cryptocurrency, Ethereum’s ‘parabolic attack’ introduces a subplot that captivates the imagination of traders and enthusiasts alike. As the crypto saga unfolds, the coming months will reveal whether Ethereum can indeed launch a successful assault on Bitcoin’s dominance and whether Bitcoin can achieve the elusive $100,000 milestone. Buckle up, crypto enthusiasts – the ride is bound to be thrilling!
