๐ ๐ฐ๐ BITCOIN IS GOING TO $500K ? ๐๐ฐ๐
IMPACT OF GOLD ETF:
>>On November 18 2004, State street
Corporation launched SPDR Gold ETF
first time on Nasdaq.
>>In 2004 Gold Mcap was near $1 trillion
and it reached $8.6 Trillion by 2011.
Market Expect same kind of fomo in
Bitcoin after Bitcoin ETF launch.
>>Cathie Wood of ARK Invest says
Bitcoin price will hit $1.48 million in
next 7 years, by 2030. The bear case
is $258,000 per bitcoin. The base
case: $682,000, and the bull case:
$1.48 million as your price target.
>>If we predict the Bitcoin price using
the Bitcoin cycle, where the halving
event is also a major factor pushing
the price, there is a high probability
that Bitcoin could reach between
$200,000 to $500,000 by 2025
and $600,000 to $1,000,000 by
the 2029 bull market.
