Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
aesma
on 13/08/2022, 10:27:09 UTC
World's largest asset manager BlackRock: Bitcoin "is the primary subject of interest from our clients" within crypto.


Source: Bitcoin Magazine.

Probably already mentioned but nice to read about : InvestAnswers Shows How BlackRock-Coinbase Partnership Could Send Bitcoin (BTC) To $773,000


Haha, I'm all for hopium but that number is ridiculous.
Anyway this is how they calculated it.

Quote

“If they add 5%, which is what Dan Tapiero says, I think it’s way too aggressive. Maybe over time, maybe in the next three to five years, that could be possible. That would take the price of Bitcoin to $773,000 in the next three to five years pretty easily.”

In truth I'm ambivalent about very high BTC price too soon (in USD). I need it at some point and believe in it long term (need it because I don't have many BTC), but if we get there too quickly, it's probably a sign the USD has collapsed rather than BTC has grown that much, so that high value BTC wouldn't be worth that much at that time.