đ° Get FREE $100 In Bitcoin When You Open Tax-Free IRA Crypto Account With iTrust Capital: http://itrust.cryptonewsalerts.net
The CEO of an investment firm with $4.6 billion in assets under management is predicting that the Bitcoin (BTC) price will hit seven figures while Ethereum (ETH) will reach six.
U.S. Global Investors head Frank Holmes says that, due to Bitcoinâs scarcity and growing adoption, the flagship cryptocurrency can appreciate by around 1,600% from current levels over the next decade.
Regarding ETH, Frank says that he wouldnât be âsurprisedâ to see Ethereum appreciate by about 2,250% from the current levels, surpassing $100,000 per coin.
In other trending Bitcoin News today: Institutional Buys Will Put Bitcoin At $560,000 In Five Years, Says Cathie Wood.
Despite the rapid rate of investment among institutional investors, it is still estimated that less than 5% are allocated to Bitcoin. However, the trend is growing among big money and Wood explained that if âinstitutional investors move into BTC and allocate 5% of their portfolios,â then Bitcoin would hit $560,000.
đ„ Subscribe on Spotify: http://spotify.cryptonewsalerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș http://ledger.cryptonewsalerts.net
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:
Institutional Buys Will Put Bitcoin At $500,000 In Five Years, Cathie Wood
https://cointelegraph.com/news/3-reasons-why-bitcoin-s-drop-to-56-5k-may-have-been-the-local-bottom
-
Bitcoin Sentiment Hits Extreme Fear at $53K – A ‘Wild’ Divergence from Reality Sparks BTFD Alert
Bitcoin’s rollercoaster ride continues, and the latest twist in the tale has left the crypto community in a state of “extreme fear” as the price plunges to $53,000. The divergence between market sentiment and fundamental reality is leaving many investors scratching their heads, with some seeing it as a golden opportunity to “buy the dip” (BTFD).
As the cryptocurrency market experiences heightened volatility, emotions among traders have intensified. The Fear and Greed Index, a popular metric that gauges market sentiment, has now hit the extreme fear zone, reflecting the prevailing unease among investors. The question on everyone’s mind: is this fear justified, or is it an overreaction to short-term market fluctuations?
Bitcoin’s price movements are often influenced by a myriad of factors, including macroeconomic trends, regulatory developments, and market sentiment. While the Fear and Greed Index suggests a high level of anxiety in the market, some argue that it may be a misreading of the overall situation. The “wild” divergence from reality, as mentioned in the article, highlights the emotional rollercoaster that often characterizes the cryptocurrency landscape.
For seasoned investors, extreme fear can be an indicator to “buy the dip” and capitalize on undervalued assets. BTFD, a popular acronym in the crypto community, encourages investors to seize opportunities when the market experiences sudden downturns. However, this strategy is not without risks, and caution should be exercised as market conditions can change rapidly.
It’s essential for investors to consider both short-term market sentiment and long-term fundamentals when navigating the crypto landscape. While extreme fear may create buying opportunities, it’s crucial to assess the underlying factors driving market sentiment and determine whether they align with the broader outlook for Bitcoin.
As the crypto community grapples with this latest bout of market turbulence, one thing is certain: Bitcoin’s resilience and ability to bounce back have been demonstrated time and again. Whether the current sentiment proves to be an overreaction or a genuine cause for concern, only time will tell. In the meantime, investors are advised to stay informed, exercise prudence, and make decisions based on a careful analysis of both market sentiment and fundamental realities.
