Been seeing a lot of price predictions for #BTC around 160k, from Van Eck and others. Personally I think this is too bearish. That would give #BTC a market cap of roughly 3.4 trillion which at first glance seems bullish but I think it is a much more conservative estimate. Between the red sweep in the US Elections with plans to build a strategic reserve, the fed rolling into QE, china rolling out a 1.4 trillion dollar stimulus package and adoption alone increasing as the days go by I’m predicting a 400k-500k price range. You’re already seeing other asset classes starting to rotate into bitcoin with the most recent example being #gold so with all these bullish narratives I think we’re going to have a record breaking cycle that propels digital assets into the limelight they deserve.
#BTC #Bitcoin #GLD #Gold #Trump #Crypto