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Jurrien Timmer, Director of Global Macro at Fidelity forecasts Bitcoin to reach $1 billion per BTC in two decades from now, shortly after an earlier $100 million BTC price prediction for 2035.
Timmer backed up his assertion with a 4-hour BTC/USD chart that combined the stock-to-flow model with his demand model. In Timmer’s words:
“Metcalfe’s Law holds that, as the number of its users grows linearly, a network’s value (or, by inference, the bitcoin price) grows geometrically.”
In other trending Bitcoin News today: Bitcoin bull run sparks $180K BTC price prediction ahead of institutional ‘fireworks’!
“Break above 50k = 58-60k to follow. Sitting above 200D MA which is now acting as support,” Pentoshi summarized to Twitter followers.
“What is your price discovery plan? Above those Highs 3x seems reasonable which is around 180k. You don’t go make new ath’s for 10% gains. Verge of breaking out into that last range.”
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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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