Dec 16, · As for the altcoin market, the whale says he doesn’t think it’s a given that altcoins will continue to rally in Bitcoin’s wake. He points to the altcoin market cap’s size of about $ billion, and says investors will now have to pour billions of USD into the market to fuel fresh rallies. Oct 15, · The price of bitcoin could hit $1 million in five years, up from about $11, now, thanks to an "enormous wall of money," a former Goldman Sachs hedge-fund chief said in a recent timberlandschuheherren.de: Shalini Nagarajan. Jan 02, · The answer is simple: Until now, the Bitcoin market was simply too small. So, for its use case, Bitcoin is very early on its adoption curve. For it just to reach the same size as the gold market.
Bitcoin going to marketProminent Bitcoin Whale Warns Three Factors Could Trigger Crypto Market Meltdown | The Daily Hodl
The tech giant bought his first Bitcoins in The math for his target works like this: firstly, he assumes that Bitcoin can replace all of the gold currently held by private investors — in other words, the gold bars that people keep in safe-deposit boxes or bury in their backyard simply as a way to park their money in something more dependable than paper. Jeremy Liew is a partner at Lightspeed Venture Partners, famed as the first investor in the social media app Snapchat.
It is gold equivalent…there are about 20 million Bitcoin available today. When transactions are verified on a Blockchain, banks become obsolete. Roger Ver is an early investor in Bitcoin and related blockchain startups.
By early , Ver had begun investing in Bitcoin, now with a portfolio including startups like Bitinstant, Ripple, Blockchain, Bitpay, and Kraken. Anthony Pompliano is a well-known Bitcoin personality. Kay Van-Petersen is an analyst at Saxo Bank, a Danish investment bank which specializes in online trading and investment. These targets were instead achieved by the end of Lee and Fundstrat used an average of the percentage gained in price after each dip to arrive at the figure.
Tai Lopez is a renowned investor and internet marketing expert, famed for a viral video he had filmed in his garage.
Ronnie Moas is the founder and director of research at Standpoint Research, an equity research firm accounting for both traditional investments and new-time ones. Moas has also compared the wealth proposition of cryptocurrencies to that of the dot-com boom.
Gold is scarce, Bitcoin is actually fixed. Bitcoin is way more portable and way more divisible. Here are past price predictions for Bitcoin. He is also an early supporter of Bitcoin and its underlying technology blockchain. John McAfee is the Founder of McAfee Associates, which launched the first commercial antivirus software back in the late s. Tyler Winklevoss, the Gemini crypto exchange cofounder and CEO, has also said that bitcoin could also be propelled by the Federal Reserve's global quantitative-easing program.
Winklevoss added in August that the US dollar was no longer a " reliable store of value " and that there was no better time to buy bitcoin. He shares his two favorite trading setups that've led to his king-size returns.
Shalini Nagarajan. Read the original article on Business Insider. Indices in This Article. Dow Jones 30, Currency Exchange Rates. Currency Converter. Find News.