Cathy Wood in an interview came out today and declared that a Bitcoin valuation of around $500,000 might not be such a big stretch after all if institutions start to accumulate - especially with the likely imminent release of Crypto ETF's.
“If institutions around the world were to allocate 5 per cent of their portfolios to bitcoin, that allocation alone … would add roughly US$500,000 to bitcoin’s price today,” she said.
Is Cathy likely to be right - who knows. Will Bitcoin get to $500k a coin - who knows. Is it fun to speculate - probably :)
What do you think? $500k might not be a reality, but it might make $100k perhaps a little more likely than it might have been a few short weeks ago.
Not trading advice! But if it gets to $500k, here is my post for posterity :D Wonder if I will be alive...
Article: fintechbusiness.com/wealth/2131-institutional-investors-could-add-500-000-to-bitcoin-overnight
“If institutions around the world were to allocate 5 per cent of their portfolios to bitcoin, that allocation alone … would add roughly US$500,000 to bitcoin’s price today,” she said.
Is Cathy likely to be right - who knows. Will Bitcoin get to $500k a coin - who knows. Is it fun to speculate - probably :)
What do you think? $500k might not be a reality, but it might make $100k perhaps a little more likely than it might have been a few short weeks ago.
Not trading advice! But if it gets to $500k, here is my post for posterity :D Wonder if I will be alive...
Article: fintechbusiness.com/wealth/2131-institutional-investors-could-add-500-000-to-bitcoin-overnight
Note
Another article: Bitcoin to $168k before 2022.finance.yahoo.com/news/tom-lee-1-key-driver-132800142.html
Note
Still bullish. Just having a little rest.Note
Got our bounce.
NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.
MY SITES:
FIND TRENDING STOCKS: HigherHighs.com/
FIND AND SET TRAILING STOPS: SuperTrail.io
TRADINGVIEW TIPS: YouTube.com/@zAngus
MY SITES:
FIND TRENDING STOCKS: HigherHighs.com/
FIND AND SET TRAILING STOPS: SuperTrail.io
TRADINGVIEW TIPS: YouTube.com/@zAngus
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.
MY SITES:
FIND TRENDING STOCKS: HigherHighs.com/
FIND AND SET TRAILING STOPS: SuperTrail.io
TRADINGVIEW TIPS: YouTube.com/@zAngus
MY SITES:
FIND TRENDING STOCKS: HigherHighs.com/
FIND AND SET TRAILING STOPS: SuperTrail.io
TRADINGVIEW TIPS: YouTube.com/@zAngus
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.