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Strike CEO Jack Mallers shares his bullish Bitcoin price predictions with Anthony Pompliano on The Best Business Show Podcast.
“I think we’re going well into the 6-figures, when it happens I don’t care. I think within the next 12 months we’ll see well over $100,000 BTC very easily. I expect $100K to $250K, maybe $400K Bitcoin in the year 2022 easy.”
And on the Bitcoin network side of things regarding the relationship between Twitter and Strike he elaborates:
“In addition to the services currently enabled through Tips, people can now seamlessly tip with Bitcoin using Strike – a payments application built on the Bitcoin Lightning Network that allows people to send and receive Bitcoin. Strike offers instant and free payments globally.”
In other trending Bitcoin News today:
On-Chain Data Shows Bitcoin Supply Will Not Be Able To Meet Demand: Glassnode Co-Founder!
The firm’s latest data shows nearly 2,000,000 BTC has shifted from short-term to long-term holders since April of this year.
Glassnode’s Rafael Schultze-Kraft says the data clearly shows “supply will not be able to match demand.”
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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:
Watch Jack Mallers Send $10 To El Salvador Via Twitter’s Lightning Tips
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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.
