#Btc_51k Bitcoin (BTC) is primed to have its biggest crash yet before enjoying a long-term bull cycle. But patient investors will be rewarded with a multi-year bull cycle after the top crypto asset by market cap and other assets suffer a massive crash.$BTC
#Bitcoin Boom: Over 1 Million Addresses Now Own 1 BTC $BTC
Speculators are already scoring the Bitcoin charts to see if closely watched technical levels hold or drop. The cryptocurrency has lost its daily SMA 200 at $57,715, and now attention is shifting to the next significant demand zone. According to crypto analyst Ali, the next key demand wall for Bitcoin is around $47,000, and for the bull run to resume, BTC must close and remain above $61,000.
#According to Saylor, holding Bitcoin on a corporate balance sheet creates the potential for "corporate immortality." Since the value of Bitcoin will increase in perpetuity, so will the value of a company.$BTC
To illustrate this point, Saylor points to the last 100 years of U.S. economic history. How many companies still exist from 100 years ago? A handful at best. In contrast, the final sliver of the last Bitcoin will be mined in the year 2140, so companies that hold significant amounts of Bitcoin today theoretically have the potential to live for at least 100 years.
Over time, as more companies buy Bitcoin, the higher its price will go, as a result of this new buying pressure. Just keep in mind that, at a certain point, you may have to suspend belief for this scenario to play out. During the last Bitcoin bull market rally, for example, companies like Tesla were lining up to buy Bitcoin. However, that strategy hasn't exactly worked out the way they thought it would, due to Bitcoin's enormous volatility.
"Everybody gets Bitcoin at the price they deserve"
Obviously, at this point, you've probably realized that Saylor's $8 million price prediction is based more on a macro narrative about where the world is headed, rather than a numbers-driven, analytical model. So it's perfectly plausible that you might decide to pass on Bitcoin as an investment opportunity. Fair enough.
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#BTC As Bitcoin continues its impressive rally, investors are being cautioned by Bitwise chief investment officer Matt Hougan to approach crypto projects with high valuations skeptically.
- S&P 500 has gained 0.6% - Bitcoin remains above $67,000 - Gold rose for the fifth day, hitting a fresh high above $2,160 - Victoria's Secret (VSCO) plunged over 26%
#NEAR AI seminar following the company’s recent surge past a market value of 2.2 trillion USD. The seminar, which is expected to be a significant event in the AI industry, will feature Illia Polosukhin, the founder of Near Protocol (NEAR), as a key speaker.