âĄïž Leverage OPM (Other Peopleâs Money): http://opm.cryptonewsalerts.net
An investment firm that predicted Teslaâs meteoric ascent is extremely bullish on Bitcoin and says the BTC market cap could go as high as $5 trillion.
Also in todayâs show, Credible Crypto predicts the Ripple XRP price will rise 12,900% in the next Bitcoin bull cycle.
In a comprehensive report, New York-based thematic investment firm ARK Invest sees massive growth potential for Bitcoin over the next few years despite its already impressive run that has defied expectations.Â
âOur analysis suggests Bitcoin is early on its path to monetization, with substantial appreciation potential. In our view, Bitcoinâs $200 billion market capitalization â or network value â will scale more than an order of magnitude to the trillions during the next decade.â
Specifically, ARK Invest points out that the adoption of Bitcoin as a global settlement network, as a protection against asset seizure, as digital gold, or as a catalyst for demonetization in emerging markets has the potential to fuel the growth of the crypto assetâs market cap.
Despite their high evaluation of the crypto asset, ARK Invest points out the several risks that threaten Bitcoinâs growth potential.
For one, ARK Invest says security breaches and institutional mismanagement have cost investors millions of dollars with no legal recourse.
Other risks are regulatory uncertainty and âover-institutionalizationâ, which the company says could cause a monopoly in Bitcoin transactions and present an âexistential risk to bitcoinâs value proposition.â
Although risks are present, ARK Invest highlights the potential of BTC to print massive gains within a decade.
âBitcoin offers one of the most compelling risk-reward profiles among assets, as our analysis suggests it should scale from roughly $200 billion today to $1-5 trillion network capitalization during the next five to ten years. In our view, capital allocators must consider the opportunity cost that will be associated with ignoring bitcoin as a new asset class.â
In other trending Bitcoin News today:
Credible Crypto Predicts XRP Will Rise 12,900% in Next Bitcoin Bull Cycle
Closely-followed trader and crypto strategist Credible Crypto sees XRP meteorically rising by over 12,900% in the next Bitcoin boom cycle.
In a new tweet, the crypto analyst tells his 68,000 followers that Rippleâs native token has the potential to massively increase oneâs net worth in the coming years.
âKeep it real. XRP price IS NOT âpre-determined.â XRP IS NOT âbacked by gold.â XRP WILL NOT reach the prices BTC has ($10,000+). XRP will NOT replace the dollar. But it doesnât need to do ANY of these things to make you and me life-changing money over the next 3 years.â
When asked to provide his price prediction for the fourth-largest cryptocurrency, Credible explains why he believes XRP can skyrocket between $20 â $30 before the current bull market expires.
ââŠitâs gone 1000x+ in the last run, this would just be 100x. Regarding sell pressure, weak hands have long sold their XRP for other projects. The ones holding now wonât sell soon.â
Not all analysts share Credibleâs long-term bullish attitude towards XRP. Widely-followed veteran trader Peter Brandt told his crew of 375,000 to be cautious about investing in Rippleâs native asset.
âDonât place your faith in XRP.â
Brand notes that Rippleâs ownership of more than half of the total supply of XRP is a potential liability.
He believes the token has more downside potential as it continues to underperform relative to other major cap coins.
Follow Us:
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on Spotify: http://spotify.cryptonewsalerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș http://ledger.cryptonewsalerts.net
DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
Keep it real.$XRP price IS NOT âpre-determined.â $XRP IS NOT âbacked by goldâ. $XRP WILL NOT reach the prices $BTC has ($10,000+).$XRP will NOT replace the dollar.
But it doesnât need to do ANY of these things to make you and me life changing money over the next 3 years.
â Credible Crypto (@CredibleCrypto) October 2, 2020
It wonât need as much as it seems it would. Many people think the same. But itâs gone 1000x+ in the last run, this would just be 100x. Regarding sell pressure, weak hands have long sold their $XRP for other projects. The ones holding now wonât sell soon. https://t.co/jelsS4rTdc
â Credible Crypto (@CredibleCrypto) October 2, 2020
Don’t know about the long long term, but looking for $20-$30 over the course of this next bull run (2-3 years).
â Credible Crypto (@CredibleCrypto) October 2, 2020
https://research.ark-invest.com/hubfs/1_Download_Files_ARK-Invest/White_Papers/ARKinvest_091729_Whitepaper_Bitcoin_II_An%20Investment.pdf?hsCtaTracking=71be7529-9a39-404e-97b3-04fd4ccf80ec%7C07365ce1-0ed3-4835-9c3c-ac33c030cd70
https://dailyhodl.com/2020/10/05/investment-firm-that-called-teslas-meteoric-rise-says-bitcoin-targeting-5000000000000-market-cap/
Credible Crypto Predicts XRP Will Rise 12,900% in Next Bitcoin Bull Cycle
https://cointelegraph.com/news/trump-price-dots-and-covid-19-5-things-to-watch-in-bitcoin-this-week
Post Views: 271
