Volatility price ranges for 2021: $80K Bitcoin and $3K Ethereum? | Interview with Frank Holmes

Volatility price ranges for 2021: $80K Bitcoin and $3K Ethereum? | Interview with Frank Holmes

But Bitcoin is going to go down for me, my opinion, it’s going to be like having an original Andy Warhol, one of those prints. It is a piece of art. It’s amazing. Frank Holmes is the CEO and chief investment officer of US Global Investors, a fund that manages over two billion dollars worth of traditional assets. In this interview, see what happens when a mainstream money manager turns his eyes toward crypto.

What insights can he uncover? You know what’s interesting? The DNA of volatility of Tesla is the same as Ethereum. Welcome to another exclusive Cointelegraph interview. My name is Jackson and I’m your host and head of video at Cointelegraph.

I have the pleasure of welcoming today Frank Holmes, who is the CEO and chief investment officer of US Global Investors. How are you doing today, Frank? Outstanding, Jackson. Awesome. It’s great to have you here.

So let’s just jump right into it. In an interview that you took on December 7th, you said that you were quite surprised by the rally that Bitcoin and Ethereum had throughout the year of 2020. But since then, Bitcoin has more than doubled. So how are you feeling now that Bitcoin is even carried above those prices in such a short time? We always get worried when things go up three standard deviations over 20 days, in 16 trading days or in one year.

And it just means that we get a big pullback short term.

But long term, no, I’m very bullish and very constructively believe that the Metcalfe’s law helps explain this sort of movement as more wallets are being opened and they’re buying fractions through Robinhood investing of Bitcoin and Ethereum, that this universe is going to continue to grow and you will get these exponential moves just like we got in Tesla. You know what’s interesting? The DNA of volatility of Tesla is the same as Ethereum. How so?

Could you explain a little bit further? So when we talk about the DNA of volatility, so what is 70 percent of the time it’s a non-event or Ethereum to go up or down 5 percent. The stock market, the S&P 500 is 1 percent, gold is 1 percent. Gold stocks are 2 percent. But Tesla is 5.

Ethereum is 5. Bitcoin is 5. So they’re all disruptive. One is disruptive to the car industry. One is disruptive to the global financial sector and a sort of evolution and revolution of the financial sector we’re seeing with the car industry.

So the adoption process of naysayers and yes, people fully bullish on that creates greater volatility. So essentially what you’re saying is there has to be some sort of significant technological disruption that creates, that influences the industry essentially. Metcalfe’s law suggests that as more adopters start to buy in, then you start to get a higher price appreciation. This came out first with cell phones and then it’ll peak. But I think we have at least another 3 to 4 years in this run for Ethereum in particular, because it is unique, because you have, you have a proof of work dynamic and then you have a proof of stake dynamic and then you have the growth of DeFi.

So they’re all using this protocol and a lot of stablecoins are using Ethereum protocol to create something that’s really special. And that’s where we’ve maintained this sort of thought process, that proof of work will be around for the next 3 to 4 years in Ethereum.

So do you see Ethereum as more of a front runner than Bitcoin or do you just see them as different entities? I think they’re different. Let’s take a look at Ethereum to Bitcoin is like silver to gold.

Silver has, in addition to a monetary asset, its central bank don’t use it as a monetary asset. However, silver is used for solar panels, as only the demand for silver is highly correlated now with the growth of solar energy. And so you have these other applications that has a greater volatility. Historically, gold goes up 10 percent as silver goes up 15 percent. What did we see last year?

Bitcoin went up 300 percent, Ethereum goes up 400 percent, 430 percent. But just giving you an idea that it’ll have greater volatility. Bitcoin fell in the last cycle, Ethereum fell even more as percentage wise. So the DNA of volatility of Ethereum is greater than Bitcoin, because Bitcoin is really a financial transaction.

It’s pure, it’s really looking as an alternative asset class, as a financial asset class .

Whereas Ethereum has all these other applications in addition to being an asset class, such as silver is the solar panels and silver is the jewelry. Well, Ethereum is also to people that’s using economic transactions, but it’s also used for stablecoins. It’s also the backbone for Docu, when you look at DocuSign it’s building on the Ethereum blockchain. You touched upon something interesting there, which I think a lot of people, when they look at the large scale moves between Bitcoin and Ethereum and other altcoins, they kind of see Bitcoin as the driver of the rallies and in bear markets and such, and they see Ethereum more as the follower.

Do you agree with this sentiment?

Do you think that Bitcoin drives the market and Ethereum’s just kind of the more volatile little brother, essentially? Or do you think that Ethereum will eventually differentiate itself enough through these use cases that you’re describing, which are wholly different than what Bitcoin’s purpose is, to allow itself to kind of break away from the shadow of Bitcoin? I think in 3 years, 4 years it’ll break away from Bitcoin, but Bitcoin is going to go down. For me, my opinion, it’s going to be like having an original Andy Warhol. One of those prints, such as if you look at the Mao and the five different colours that came out, I think it was one thousand, a thousand dollars each, but they go to a quarter million dollars each.

Because there’s a limit, pure limited supply. Ethereum’s supply is capping for one hundred million, but it’s really not. It’s not iron clad like Bitcoin is.

So I think that is going to be a collector’s item, especially if you think all that 64 digits, that you have a genesis coin that’s going to become more valuable over time. So let me tie this into one of my questions here, which is that we’ve been discussing gold and silver and how they kind of form this analogy between Bitcoin and Ethereum.

And the media often brands you as a gold bug, you run a gold ETF called US Global Go Gold, which specifically targets gold and other precious metals. And there’s another famous or infamous, I guess, gold bug in the crypto space. Peter Schiff, you probably have heard of him and he is, he very lively tweets anywhere, he’s expressed his strong opinions against Bitcoin.

He made one such tweet recently where he said: “Stocks have earning, which are used to pay dividends or buy back shares. Real estate pays rent and bonds pay interest.

Commodities can be consumed or used, or in the case of gold, stored indefinitely for further use. Bitcoin earns nothing, pays nothing, and is used for nothing.” And I’m bringing up this tweet because you just said that you think in a few years Bitcoin could become more of a collector’s item.

So do you kind of agree with Schiff here? Do you think that Bitcoin doesn’t actually have a use case in the future or how do you line up with Schiff’s view here?

There’s no doubt it’s going to have a use case, but what will drive it to 400,000 dollar valuation, is because it’s going to become art. It’s going to be classified as a collector’s item. And its ability now to create fractals, which are doing per shares of public companies, that technology is pretty stealth. That will allow more and more retail to come in to buy a fraction. And that will create an underbelly of support for Bitcoin.

But I think it’s going to have both an economic transaction and the value is going create, well, they say it doesn’t have any value, Peter Schiff says. Well, I disagree. I think it has incredible value. It has the same value for someone that wants to buy an Andy Warhol piece of art. Maybe he doesn’t like Andy Warhol, but other people do.

And I think that that’s where the driver is going to be. It’s an interesting take on it, because I’ve heard a lot of coders, when they look at Bitcoin, they say the code is beautiful. The white paper is beautiful. Mathematicians say the same thing, because it solves this long standing logic puzzle, essentially, of creating consensus anonymously or not anonymously, but privately.

So in that sense, yeah, I like that the analogy to art, because in a way, I think a lot of people do consider it beautiful.

It is a piece of art. It’s amazing. Yeah. And there’s a limited supply. So that makes it more valuable.

And you can’t really transact easily your piece of art. You’re Andy Warhol for simplicity, as a Warhol or a Monet, you can’t, or any other great artist, it’s really hard.

But Bitcoin, you can turn around and convert it to a currency or different currencies. And so it has even a better medium of converting into something else. It’s liquid.

Liquid. I know. So you mentioned before, that you had heard some of these price predictions, such as $ 300,000, $400,000 coming in the next few years. Do you agree with those price predictions? Do you have your own target that you’re eyeing for what Bitcoin could reach?

Well, I’m much more quant-driven, and I just I look at the DNA of volatility of an asset class over a rolling 12-month period. And so you go back 5 years for Ethereum and you go back a decade now for Bitcoin and you look at what that DNA of volatility. So it’s a non-event, that can go up or down 200 percent for Ethereum. So we can go to $2,000, $3,000 next year, this is just the DNA of volatility and Bitcoin itself. So I look at it that way as a shorter term, like 12-month prediction.

Volatility price ranges for 2021: $80K Bitcoin and $3K Ethereum? | Interview with Frank Holmes 1

And two, is longer term. I’m a big believer on as more people adapt to it. So I’m very bullish on the Ethereum right now, because we’re going to have the CME all of a sudden start being a futures market.

Well, what does that going to do is going to have more hedge funds, institutions that are reluctant to go on an exchange and buy for a wallet. What we saw last year is a lot of hedge funds came in and use the CME to buy Bitcoin.

They use the futures market, even though it’s not very leveraged compared to gold, but they use that as their tool to get into the space. I think we’re going to see more institutional family offices, etc. They are reluctant to go and buy, as I said, on an exchange, in case they get hacked, they buy the futures. Yeah, I think it’s one of the biggest narratives in the crypto space at the moment, and it has been for a while, frankly.

But the wave of institutional money that I guess is, as you’re describing, is just looking for that secure gate, that secure access into the space.

So do you think that this wave of institutional money, as we call it, do you think this is one of the main factors that could drive Ethereum and Bitcoin to new highs? Do you think this is the most significant driver behind these cryptocurrencies at the moment? Adopters and the limiting supply – the higher the price. It’s really simple. We can look at copper supplies like metals.

OK, well, copper is in an eight year high. Why is that? Supply. Supply is being constricted. Issues out of Chile, mines are not as productive as they used to be.

There’s less supply, but the world continues to grow. And now we have this big green push around the world. Well you need more copper! And therefore supply demand imbalance demand stronger. Up you go.

I think with Ethereum we are gonna see stablecoins are using the protocol, Ethereum 2.0, basically 2 percent of all the Ethereum over the marketplace, where people are going for earning an income on their Ethereum.

And then we have DeFi last year going from, what, 3 billion to 20 billion? Some of the numbers. What is taking supply of faster than every 15 seconds you’re getting, 16 seconds, some new Ethereum coins in the system.

So I think from that end supply is being restricted. Demand is growing. This basically says the price is higher. And I’d like to get into your philosophy a bit more. In one of your recent interviews, you said that US Global Investors believe government policies are a precursor to change, and that’s one of your fundamental investing philosophies.

So how does that philosophy apply to Bitcoin, which is an asset that is global, decentralized, automated? And these characteristics allow it to exist outside of the reach of localized government policy. How does that philosophy apply to Bitcoin? Very much so. If you look at government policies, how they fast track a futures market for 2017 to put a cap on Bitcoin, there’s no doubt the futures market was used as a mechanism for these institutions that did not want to go on exchanges.

And then, two, you can see the narrative from the Bank of International Settlements.

It’s always anti, whereas many of the central banks are exploring digital money. So I think if you look at that whole bear market we witnessed, we had JPMorgan trashing Bitcoin and crypto and Ethereum. You had Facebook also trash talking and stopping any advertising money that the bottom took place in Bitcoin in February of 2019, I would say, well, that bottom was when JPMorgan came up with their stablecoin . All of a sudden they stopped talking negative about this industry.

And then we saw the Libra coin come out and Bitcoin rallied to 14,000 dollars. Central banks around the world attacked Facebook. What happened to Bitcoin? It fell right back down to 5,000 dollars. So government policies are really important.

So there’s going to be a hearing by the Congress or the Senate or the seeing on their concerns on Bitcoin. These coins will sell off, trying to figure out, navigate what those government policies are. We’ve seen some big downdrafts when all of a sudden Japan goes negative, then they change the tune.

But we can see these big downdrafts. So I don’t think we’re out of the woods on this sort of governments all around the world.

They’re trying to catch up to this concept. They’re all trying to come up with their own digital money. So government policies are a precursor to change, both positive and negative. Are you looking for any specific policy decisions made by governments that would affect Bitcoinor Ethereum, like the creation of a Bitcoin ETF, for example? Are there specific things that you’re looking for?

That you were saying that you think like, OK, if this happens, then this is going to be great for Bitcoin or if this happens, this is going to be terrible for crypto. What specific policies do you have in mind that you’re looking for? On the negative side is that they come out and say that’s illegal.

That’s pretty negative. I was thinking that they may come out with a policy, because most of the mining is out of China for Bitcoin.

That and you can now with technology know of any coin was mined in China, basically saying no one in America is allowed to own any Bitcoin is from China, mined in China. Only bitcoins mined in America. They come out with the policy like that, that would be really disruptive. It would create two price levels for Bitcoin. So you have to think this way, that government policies, when they become too fearful over it, they will make great changes.

I guess, to the negative. However, I think they want to get away from paper money and they want to be able to track every penny, tax every penny. And the best way is digital money.

So I think that that is going to be the big push by governments running as fast as they can to get their arms around it. So I’m sure they can see how they can apply and use it.

And also, the proof of Lehman Brothers, the disaster of Lehman Brothers wouldn’t have been so exasperating, wouldn’t have cost the Federal Reserve the billions it did had they been on a blockchain mechanism. They would have been able to determine exactly what that liability was, wrote a check, and it was a couple of billion dollars, not ten billion dollars. And so I think it was going to, there’s a big push for that. And the real thought leaders of Fidelity, Fidelity has their own Google labs.

They have one hundred people in that department and they want to see all these transactions, securities, transactions, everything on blockchain.

So therefore, there is going to be no illegal shorting. There’s going to be no failed deliveries. So there is a big secular trend on the applications of blockchain. PayPal – you can now buy Bitcoin on your PayPal account. So these are, that really adds the PayPal to Metcalfe’s law.

Yeah, those are some really great things to watch out for. And I think now our audience is going to be watching those things as well. So thank you for that. And so you were mentioning before that you have, in terms of, you look at price targets in terms of 12 months and you approach them from a quantitative angle in terms of volatility. And you mentioned, I think, that you could see Bitcoin, I mean, you could see Ethereum reaching potentially 2,000 or 3,000 dollars, is that correct, in the next 12 months?

Yeah, it would be a non-event for it to go to $2,000 over the next 12 months. It would be a non-event to go back to $500. That’s just DNA of volatility.

I’m curious, what’s your volatility range for Bitcoin over the next 12 months? Well, I think it’s quite similar, you know, Bitcoin can easily run to 80,000 dollars and it can fall back to 20,000 dollars.

It’s just DNA of volatility. It’s hard to relate to it, but I can show you on visuals of how this volatility, how it helps you understand that, how to trade these markets. So last year in February, Ethereum had a spectacular move to almost $300 and then quickly fell back to $110.

I know for sure, we sold a bunch of our coins and then we remined them as it fell down and replenished all of our reserves, because we always want to own on our balance sheet Ethereum and Bitcoin. In addition to trading it out when we get extreme moves to pay for cash or buy more equipment.

We have a thought process at Hive, that we are looking at like factors do for oil and gas in particular. You have to always be spending money to upgrade and you don’t have to go spend big checks for big well. It’s how you manage your cash flow and you continuously set up that each month that you’re buying more equipment, you’re upgrading your equipment. And right now we’ve been upgrading all of ur Ethereum chips from a four gigabyte to an eight gigabyte. And then we can choose like today we announced that we’re really happy that it was by the year of 2021, we hope to be up to a 1000 petahash.

We did that in the first two weeks of January on that performa.

So we’re now think we can go to 2000 based on our cash flow forecasts. Are there any final points you’d like to leave our audience with? Yeah, I think that investors have to recognize that as you’re my age, you should have a much smaller portion of your assets in Bitcoin or Ethereum. And a simple rule, rule of thumb, is that if you’re 65, you should be looking at income and investments, 65 percent.

And make sure you’re not just totally speculating in this new industry. If you’re young like you, Jackson, that’s where all the action is. And you should be looking for growth and speculation and understanding the dynamics of growth and speculation.

Read books on venture capital, just get involved with it, because you should be investing in this type of space. Well, thank you very much for the advice, Frank.

Thank you. And wish you nothing but an abundance of prosperity and good health. Absolutely. It was wonderful having you on. Thank you again.

Thank you, everyone, for watching. That was Frank Holmes, who is the CEO and chief investing officer of US Global Investors. My name is Jackson. And if you enjoyed the video, please hit that like button and subscribe to our channel.

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A History of Bitcoin Crashes | Cointelegraph

A History of Bitcoin Crashes | Cointelegraph

When the crypto market crashed hard last week, naysayers once again predicted the end of Bitcoin. But we are used to this. In its 10-year lifespan, Bitcoin has been declared dead a total of 326 times! Bitcoin not only survived but also came back stronger. Now let’s take a look at Bitcoin’s worst moments and resurrections over the past few years.

After reaching a new all-time high, the first “Bitcoin bubble” burst due to over-speculation and the hack of now-defunct exchange Mt.

Gox. Bitcoin dropped from almost $30 to a 2$ bottom on October 20, 2011. In April 2013, a banking crisis in Cyprus triggered the price of Bitcoin to rally. Mt Gox overwhelmed by high transaction volumes, suspended trading, causing Bitcoin to fall sharply in the following hours.

Increased investment from China in Bitcoin made the prices skyrocket in the fall of 2013. Concerned by Bitcoin’s increasing popularity, the Chinese Central Bank began to clamp down on crypto, by banning domestic financial institutions from offering crypto services.

A History of Bitcoin Crashes | Cointelegraph 2

As a result, Bitcoin lost 60% of its value in under two weeks. Together with the Mt Gox bankruptcy in February 2014, the Chinese ban marked the beginning of a steady decline, reaching a bottom of $209 in January 2015. The period of relative stability that followed paved the way for a massive crypto rally in late 2016 In the last quarter of Bitcoin’s most bullish year, China continued its crackdown by banning exchanges and ICOs.

The ban deeply impacted the market but that didn’t stop bitcoin.

After a final surge, bringing prices to an all-time high of $20,000 in December 2017, Bitcoin crashed again, losing almost a third of its value within just one week. That was the start of a very long winter for Bitcoin, and it’s still pretty cold outside. So hodlers don’t lose hope, remember, the night is always darkest just before dawn..

Read More: Bitcoin Supercycle Begins (2021 Bitcoin Price Prediction)

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Bitcoin Supercycle Begins (2021 Bitcoin Price Prediction)

Bitcoin Supercycle Begins (2021 Bitcoin Price Prediction)

The Winklevoss twins have doubled down on their 500 000 bitcoin prediction. Banking giant city has said they believe BTC is heading toward 318 000. By the end of this year, jp morgan says 650k is possible. The stock to flow chart for bitcoin shows a 290 000 bitcoin. There are a ton of predictions out there and it’s hard to make sense of these numbers hard to know who’s talking about the price a year from now and who’s talking about a price 10 years from now, but one thing is almost guaranteed. We are very far away from the peak of this bull run in today’s video. I’M gon na give you my new bitcoin prediction, official new bitcoin prediction, and why i’ve had to upgrade this rally from bullish to ultra bullish. Let’S get it bid swap is the hottest new way to trade tokens, probably all the top decentralized exchanges. Biswap gets you the very best price and value for your trades. Bitswap is changing the game. Try it now at bitswapdex.io, welcome to bitboy crypto. My name is ben everyday. On this channel. I show you how to make money in cryptocurrency, if you like money in crypto, make sure to hit that subscribe button. If you love bitcoin, then make sure to follow us on all our social media accounts, including twitter, find me there on twitter at bitboy, underscore crypto, and i’ve been known to make some bitcoin maximalist friendly, tweets there. So you guys are definitely going to want to see those we’re trying to reach 50 000 followers on twitter. So if you could help me out head on over there and click the follow button now in this video, i’m going to be giving you guys an amended official bitcoin prediction for this channel. For this bull run and at the end of this video, i will tell you exactly where i believe bitcoin is going to settle so make sure to watch this video all the way until the end and go ahead and lightly press the like button. It’S now obvious to me that my 225 000 prediction for bitcoin simply is not high enough. I want you guys to think about where i was when i made that prediction and by where i was, i just mean the general headspace. This was in early 2020, when we were not even sure a bull run was coming started. Seeming like there was a chance. We were all wrong. I spent december 2019 and january of 2020 contemplating whether or not i actually had made the right career move. Maybe it was time to start filling out mcdonald’s applications. I worked there when i was 15

Maybe they would have me back banging my entire future on crypto seemed to have backfired pun intended, but deep in my heart, i knew what i believed about crypto. I knew what i believed about bitcoin and you may not like me, but even my haters would probably agree. I always keep it 100.. I can’t do something i don’t believe in likewise. I couldn’t give up on something that i did believe in so like most people do when they started. Having doubts about things i started questioning. I went to the charts in the history of bitcoin and i dug deep deeper than other youtubers had gone before. I studied the bitcoin cycles more than anyone else out there i sunk deep into the lab, didn’t eat, didn’t sleep didn’t give up until i had empirically arrived at what i believed? Oh okay, so the didn’t eat part was alive, but the rest was true. When i emerged from that period, i started making calls and predictions based upon what i had found and what i had learned and guess what i’ve been right all along up to this point over the last year. If you’ve been here for more than a couple days, you know that so, while i nailed the price all year long, what has occurred to make me believe i need to officially change my bitcoin prediction. Well, here is what has surprised me: the movement we’ve gotten after bitcoin established a new all-time high is way more bullish than anything we experienced in 2017.

On this run, we have seen an explosive 75 move from bitcoin in 17 days after establishing a new all-time high. Now, let’s compare that to what happened during the 2017 bull run after bitcoin hit new all-time highs. In 2017, there were basically two times when bitcoin’s price hit a new all-time high. There was the first time in january, but it was immediately rejected. It was only able to climb a measly 1

Bitcoin Supercycle Begins (2021 Bitcoin Price Prediction) 3

7 percent, before getting rejected, this was eerily similar to early december last year, when we glanced off of all-time heights. Briefly, on a few futures exchanges, we basically got rejected before we even hit it. The rejection was baked in, if you will so, let’s move forward to the time when bitcoin was actually able to establish a new all-time high in 2017 for a sustainable period. The next time bitcoin established and held an all-time high was march of 2017

Even if you measure the wicks at the peak, it grew 18. Remember this time. 75, in 17 days against roughly the same number of days in 2017, bitcoin only went up 18 and even then, as you can see here, the bitcoin price still actually dropped below its 2013 high again. It would take bitcoin five months after touching its all-time high. The first time to have a move where it increased 70 percent, like what we just saw, we’re only a few weeks into this one. This is so bullish that 2017 is starting to look increasingly irrelevant for bitcoin. Maybe the 2013 bull run would be a better indicator, but before we look at that, if big bitcoin moves or something you think is coming – and you are a trader, then you should consider trading it by bit. You can make massive gains there, because it’s, the premier leveraged trading crypto site in the world, get a deposit bonus by visiting the rewards hub after you sign up by visiting buybit.bitboy.live, please be responsible with your trading, but let’s move back to the charts here and listen. I know this is hard to tell because the numbers were so crazy back then, but i’ve circled the two times during the december 2012 to 2013. Bull run where bitcoin established new highs that first tiny little circle is actually a move where bitcoin rose about five percent. Above its all-time high on a wick and then got rejected, just like we saw with both the 2017 bull run and the current one, but it seems like the 2013 bull runs action over the next all-time high establishment is much more similar to the current one. There was no struggling once it jetted past it on the second attempt. It never looked back, that’s what we’re seeing now and what happened in 2013. Only an eighteen hundred percent move over the next three months that would put bitcoin at about 360 k. Now, obviously, the caps were smaller than and easier to move, but if we were to have only measured the bodies of the candles instead of the wicks, it was still a 10x putting bitcoin at 200k. But what you have to realize is that this was only part. One of the bitcoin bull run in 2013 and that one 10x part 1

Now, obviously, we’re not gon na be looking at a two million dollar bitcoin on this cycle. This is where we start running into a problem where there isn’t that much money in the world really at least money that could potentially move to bitcoin without breaking the stock market or the real estate market or some other markets. If we were to only see 25 of the movement from 2013, that alone would be putting the price of bitcoin at 500 000, and while some people have pushed for bitcoin going above that number, the math and the economics of that. Just don’t make sense. At this point, the long and the short of it is that if we were to go above 500k, it would just be a wick based on leverage, there’s no sustainable way, in my opinion, for bitcoin to hit and hold a price above 500k, the winklevoss twins have Doubled down on their 500k prediction, when you really read the articles, they believe this will happen sometime over the next decade. Not this cycle for many people out there predicting the price of bitcoin it’s hard to know where exactly they’re pinpointing their high calls. We hear million dollar bitcoin, but no one’s talking about this year when they say that. However, the six figure numbers we commonly hear associated with this bull run 100k, 250k, 300k, etc are supposed to hit this year. I’M definitely in that crowd that believes that stock to flow model shows the price of 290k for bitcoin. But here’s the thing as you’ve seen the wicks on these all-time high runs, are incredible and with any logarithmic scale, such as the stock to flow chart, the higher the numbers go. It doesn’t take moves of great significance to cause huge spikes on that chart and, as you can see, we are now rising above the estimated or suggested price point for where we are in time. And this is the part where i give you my new 2021 bitcoin price prediction to me. When i look across the board, there are three specific numbers that stand out to me. The first is the stock to flow model, the prediction of 290 k. The second is the city prediction of 318 thousand dollars: that’s traditional world. They specifically pinpointed 2021 for their prediction. It was a leaked document not even meant for the public. These guys do a lot of research. The third number i look at is 360k because that’s 18x from bitcoin’s all-time high, the same height, the last seemingly smaller bull run, climbed to when we average all three of those predictions together, we get 322 000 and that’s my new prediction. This is my new number. Almost 100 000 more than my previous one, but let’s face facts. This is way more bullish of a cycle than we ever anticipated, which is thanks so much now i’ll, be honest with you. It’S really hard for me not to go with a higher number. My gut kind of tells me 425 k, but it’s hard to tell how much of that is the euphoria from all these recent pumps. We could get a period of sideways action to stifle the bull run and, while i do believe it was necessary to amend my prediction, i also don’t want to start throwing out numbers that are so high, because people could still think buying it. Six figures is a great idea, but here’s the truth. If you miss out on bitcoin before it hits six figures, you should probably sit this one out, but many people won’t. Of course. We know that, and they will end up getting wrecked, will end very badly for them, but we will be smart enough to jump out before it crashes. You guys drop your bitcoin predictions below and let me know what you think about my new prediction. That’S all. I got be blessed bit boy out: [, Music ]. You

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