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Crypto analyst Elja Boom, the CEO of Ajoobz tweeted on Crypto Twitter to his 66.3K followers:
“Bitcoin will reach $100,000 by 2021. Mark my words.”
Lark Davis, another cryptocurrency influencer who is very bullish on BTC recently tweeted to his 57.7K followers:
“Quick reminder that the price of Bitcoin went from $11,000 to $20,000 in 14 days back in 2017. This market is a powder keg!”
Lark received the following skeptical response to his bullish tweet, “Yes but retail was the main driver, there is no surge in retail interest right now, see google trends.”
The Crypto Lark then replied:
“Yes, true, but also companies were not buying $175 million worth of BTC at a time which is the equivalent of 350,000 retail investors buying 500 bucks worth of bitcoin each.”
He’s referring to Microstrategy’s recent massive Bitcoin acquisition:
“On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.”
In other trending Bitcoin News Today:
Mad Money’s Jim Cramer ‘Fixated’ on Buying Bitcoin, Fears Massive Inflation
Jim Cramer, the Mad Money host and The Street co-founder, said he is “fixated” on needing to own bitcoin because he fears a “massive amount of inflation.”
While he owns “so much gold,” he is adamant about leaving a bitcoin inheritance to his children.
Cramer calls himself a gold bug because he has “so much gold,” he revealed.
He is concerned about hedging against inflation and leaving the right assets to his kids.
The former hedge fund manager explained that to hedge against inflation, he currently goes to his “inflation handbook,” and “what it says is buy gold, buy masterpieces and buy mansions.
Those are the three things.” He emphasized that “what we didn’t have in that menu was crypto and I think that you have to have [it].”
He further opined:
“I feel very strongly that I have missed crypto.”
Pomp clarified to Cramer that it is important to distinguish between bitcoin and cryptocurrencies.
“When you talk to your kids about it, you got to make sure it’s bitcoin not just crypto in general because bitcoin specifically has the inflation hedge – things that we’re talking about here.”
Cramer believes: My kids, when they get my inheritance, won’t feel comfortable with gold and will feel comfortable with crypto.
“I just need something that my kids will understand … and they will never understand gold and the reason why they’ll never understand gold is they think gold’s dangerous. It’s dangerous because it can be stolen. It’s dangerous because they don’t want to take it out of the bank,” Cramer shared.
As for cryptocurrency, the Mad Money host is also concerned about the security side, such as getting hacked.
However, Pomp explained several ways to keep his bitcoin more secure.
In other trending BTC News today:
Kraken is launching a crypto bank in Wyoming, paving the way for possible stock offerings
Cryptocurrency exchange Kraken is launching a bank under a new regulatory framework in Wyoming, a move that will expand its product suite, the firm said in an announcement Wednesday.
Headquartered in Wyoming, Kraken Financial will be regulated by the Wyoming Division of Banking under a so-called Special Purpose Depository Institution.
The new structure was purpose-built for cryptocurrency companies and will allow Kraken to offer certain banking functions to clients and effectively serve as the exchange operator’s primary banking relationship.
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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:
On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.
— Michael Saylor (@michael_saylor) September 15, 2020
https://news.bitcoin.com/mad-money-jim-cramer-bitcoin-inflation/
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