I think that $180 K is way too high. Sure there are institutions coming in but unless every single fund manager buys a large share of their portfolio with Bitcoin then I don't see that figure happening especially short term.
Right now most fund managers are puzzled what to do , the stock market is rising, bankrupt companies like Hertz are pumping and kids are basically making more money than their parents. Hence markets are very erratic.
Topic: Here’s the Case for Bitcoin (BTC) Rise to $180,000, According to Weiss Ratings - page 4. (Read 647 times)
June 21, 2020, 11:07:38 PM
June 21, 2020, 08:21:12 PM
Where is Tom Lee? Similar to him, the people in the cryptospace has not heard of the name Paul Tudor Jones before hehehe.
In any case, institutions are the most dangerous types of investors. They were the cause of the financial crisis of 2007 - 2008.
Paul Tudor Jones, hedge fund manager
Weiss Ratings, a US-based investment data firm, is laying out what it will take for Bitcoin to hit $180,000.
In a new review of the top cryptocurrency, the firm says the financial world is beginning to wake up to the true potential of BTC as a safe-haven asset. Weiss points to growing demand for shares of the Grayscale Bitcoin Trust as a sign of rising institutional interest.
Weiss believes the entry of billionaire hedge fund manager Paul Tudor Jones into the Bitcoin futures market shows institutions are paying increasing levels of attention to the crypto markets. The firm calls BTC the “one safe-haven asset with the most profit potential” in an environment where central banks print money at will.
Read in full https://dailyhodl.com/2020/06/21/heres-the-case-for-bitcoin-btc-rise-to-180000-according-to-weiss-ratings/
In any case, institutions are the most dangerous types of investors. They were the cause of the financial crisis of 2007 - 2008.
Paul Tudor Jones, hedge fund manager
Weiss Ratings, a US-based investment data firm, is laying out what it will take for Bitcoin to hit $180,000.
In a new review of the top cryptocurrency, the firm says the financial world is beginning to wake up to the true potential of BTC as a safe-haven asset. Weiss points to growing demand for shares of the Grayscale Bitcoin Trust as a sign of rising institutional interest.
Weiss believes the entry of billionaire hedge fund manager Paul Tudor Jones into the Bitcoin futures market shows institutions are paying increasing levels of attention to the crypto markets. The firm calls BTC the “one safe-haven asset with the most profit potential” in an environment where central banks print money at will.
Read in full https://dailyhodl.com/2020/06/21/heres-the-case-for-bitcoin-btc-rise-to-180000-according-to-weiss-ratings/
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