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Bitcoin Predicted To Reach $100,000 Mark Within Next 12 Months, Says Messari Co-Founder
In a recent tweet, Ryan Selkis, co-founder of on-chain data analytics firm Messari, made some bold predictions about the future of Bitcoin. He claimed that the cryptocurrency would reach the $100,000 mark within the next 12 months and that there would be more bank failures in the coming weeks.
Selkis’s prediction is based on the return of monetary easing by the Federal Reserve, in which interest rates are cut and quantitative easing is resumed. He believes that this will lead to sustained moderate inflation, which will cause Bitcoin to rise in value.
According to Selkis, Bitcoin is perceived as healthy money amid the continued devaluation of the dollar. He believes that companies like MicroStrategy will accumulate cryptocurrencies faster than federal regulators can move to shut down assets, such as Bitcoin regulation.
Selkis’s optimistic bet on the future of Bitcoin is that it will change from ‘outside money’ to ‘healthy money’ and reach $100,000. He emphasized that Bitcoin is perceived as a life raft and peaceful exit option in the current economic climate.
However, the key to this prediction is that institutions must be able to buy and defend Bitcoin alongside individual investors. Selkis predicts that institutions will buy Bitcoin faster than federal regulators can shut down assets.
As a recent report by AZCoin News, Balaji Srinivasan, the former CTO of Coinbase, has made a daring prediction that Bitcoin’s value will hit $1 million by June 17th. To demonstrate his confidence in his forecast, he has proposed a $1 million wager. The bet was set in motion on March 17th when a Twitter user known as James Medlock offered to bet anyone $1 million that the United States would not suffer from hyperinflation. Balaji accepted the challenge and tweeted, “I will take that bet. You buy 1 BTC. I will send $1M USD. This is ~40:1 odds as 1 BTC is worth ~$26k. The term is 90 days.”
#Bitcoin #BTC #BTC100k #Messari #azcoinnews
This article was republished from azcoinnews.com
Selkis’s prediction is based on the return of monetary easing by the Federal Reserve, in which interest rates are cut and quantitative easing is resumed. He believes that this will lead to sustained moderate inflation, which will cause Bitcoin to rise in value.
According to Selkis, Bitcoin is perceived as healthy money amid the continued devaluation of the dollar. He believes that companies like MicroStrategy will accumulate cryptocurrencies faster than federal regulators can move to shut down assets, such as Bitcoin regulation.
Selkis’s optimistic bet on the future of Bitcoin is that it will change from ‘outside money’ to ‘healthy money’ and reach $100,000. He emphasized that Bitcoin is perceived as a life raft and peaceful exit option in the current economic climate.
However, the key to this prediction is that institutions must be able to buy and defend Bitcoin alongside individual investors. Selkis predicts that institutions will buy Bitcoin faster than federal regulators can shut down assets.
As a recent report by AZCoin News, Balaji Srinivasan, the former CTO of Coinbase, has made a daring prediction that Bitcoin’s value will hit $1 million by June 17th. To demonstrate his confidence in his forecast, he has proposed a $1 million wager. The bet was set in motion on March 17th when a Twitter user known as James Medlock offered to bet anyone $1 million that the United States would not suffer from hyperinflation. Balaji accepted the challenge and tweeted, “I will take that bet. You buy 1 BTC. I will send $1M USD. This is ~40:1 odds as 1 BTC is worth ~$26k. The term is 90 days.”
#Bitcoin #BTC #BTC100k #Messari #azcoinnews
This article was republished from azcoinnews.com
🚨🚀 Is It Possible For Bitcoin To Hit $10 Million? Possibility, However, Given This Conditions.
The well-known Bitcoin critic Peter Schiff recently had an insightful conversation on the relative worth of Bitcoin and gold. Schiff, who has always been skeptical, has put forth a scenario in which he believes Bitcoin may hit $10 million by 2031.
The critic of Bitcoin countered that this may occur in specific economic circumstances.
This audacious claim is the result of the Economist drawing a parallel between the prospective development trajectory of Bitcoin and that of gold, underscoring the unpredictability of cryptocurrency assets and the passionate optimism of their supporters.
One X user questioned, "What if Bitcoin goes to $10,000,00 by 2031?" in a comment below this story. In response, Schiff offered a "hypothetical" scenario that centers on the sharp decline of the US dollar, similar to what happened to the German Papiermark after World War I. Germany suffered from severe hyperinflation at that time, which severely damaged the value of its currency.
Schiff says that the price of Bitcoin won't jump to $10 million unless there is a comparable collapse of the US currency. It's crucial to remember that this situation is quite "hypothetical," and the cryptocurrency critic is attempting to argue that Bitcoin can only reach $10 million in a "severe" scenario of economic unrest.
#BTC #ETH #BTC100k #btcnews99
The well-known Bitcoin critic Peter Schiff recently had an insightful conversation on the relative worth of Bitcoin and gold. Schiff, who has always been skeptical, has put forth a scenario in which he believes Bitcoin may hit $10 million by 2031.
The critic of Bitcoin countered that this may occur in specific economic circumstances.
This audacious claim is the result of the Economist drawing a parallel between the prospective development trajectory of Bitcoin and that of gold, underscoring the unpredictability of cryptocurrency assets and the passionate optimism of their supporters.
One X user questioned, "What if Bitcoin goes to $10,000,00 by 2031?" in a comment below this story. In response, Schiff offered a "hypothetical" scenario that centers on the sharp decline of the US dollar, similar to what happened to the German Papiermark after World War I. Germany suffered from severe hyperinflation at that time, which severely damaged the value of its currency.
Schiff says that the price of Bitcoin won't jump to $10 million unless there is a comparable collapse of the US currency. It's crucial to remember that this situation is quite "hypothetical," and the cryptocurrency critic is attempting to argue that Bitcoin can only reach $10 million in a "severe" scenario of economic unrest.
#BTC #ETH #BTC100k #btcnews99
Bitcoin
The unprecedented entry of USDC suggests that the $60,000 that Bitcoin recently reached may represent a local low in the current bull trend. In other words, the market may be preparing to increase its demand at current price levels, driving the rally. Meanwhile, the currency has been trading sideways for the past three weeks, fluctuating between US$60,000 and US$73,700, its new all-time high. Therefore, analysts point out that the market is currently in a consolidation phase and that a breakout is close, both up and down. This scenario occurs while analysts remain optimistic in the medium term due to the halving scheduled for the second half of April. This event, which takes place every four years, consists of halving the issuance of the currency, which limits selling pressure and drives prices upward.#BTC100k
The unprecedented entry of USDC suggests that the $60,000 that Bitcoin recently reached may represent a local low in the current bull trend. In other words, the market may be preparing to increase its demand at current price levels, driving the rally. Meanwhile, the currency has been trading sideways for the past three weeks, fluctuating between US$60,000 and US$73,700, its new all-time high. Therefore, analysts point out that the market is currently in a consolidation phase and that a breakout is close, both up and down. This scenario occurs while analysts remain optimistic in the medium term due to the halving scheduled for the second half of April. This event, which takes place every four years, consists of halving the issuance of the currency, which limits selling pressure and drives prices upward.#BTC100k
Those who entered the analysis from the beginning are surfing, look what's happening again, $BTC TC flying, I'm seeing yet another run over of the bulls over the bears and just like I always say everything, it's only a matter of time to see the result. Remembering that it's not an indication of buying or selling just analyzes of how I see the Bitcoin market, everyone has full responsibility for their investments and management of their capital.#BTC100k #halvingbitcoin #HotTrends #Binance
The current analysis presents a clear and objective outlook, with bitcoin showcasing remarkable performance, setting the stage for the bulls to dominate over the bears once more. All eyes are now on the awaited breakthrough of the support level at 67k, paving the way for establishing a new support above 68k, ultimately aiming towards the coveted 100k mark. #HotTrends #BTC100k #Halving2024
The real #Bitcoin runup will start once the halving happened. 💯
We are still early. You belive it #btc 100k hit in 2024.✅️
#BTC🔥🔥🔥🔥 #btc.70.000✅ #BTC100k #HotTrends #sol
We are still early. You belive it #btc 100k hit in 2024.✅️
#BTC🔥🔥🔥🔥 #btc.70.000✅ #BTC100k #HotTrends #sol
#ILV/USDT #BTC100k #BullishFuture #bullrelly
📌$ILV/USDT (LONG)
Leverage: 5-10x
ENTRY
110 to 134.7
❤👄please follow us ❤👄
🎯
137
140
145
150
165
180
200
SL
102
📌$ILV/USDT (LONG)
Leverage: 5-10x
ENTRY
110 to 134.7
❤👄please follow us ❤👄
🎯
137
140
145
150
165
180
200
SL
102
