Bitcoin Price Prediction Of $100,000 Could Come as Early As Next Month!
💰 Get A Tax-Free IRA Crypto Account – https://bit.ly/iTrustCapitalSavvyFinance
🔥 Copy the Strategies Of Top Crypto Traders: https://bit.ly/PrimeBXT-SavvyFinance
💰 Make Money With Crypto Swap Profits https://bit.ly/cryptoswapprofits
🔥 Discover 7 Ways to Create a Sustainable, Passive Income for Life for just $1 – https://bit.ly/sustainablepassiveincome
💰 Easy Way To Make Huge Money with BTC and Crypto http://bit.ly/hugecryptoprofits
🔥 Make Passive Income Wit Crypto – https://bit.ly/savvyfinanceblockfi
👉 Get Expert Investing And Budgeting Tips On Our 2nd Channel – https://www.youtube.com/c/StreetSavvyFinance/videos
👉 Enjoy Our Crypto Memes – https://www.youtube.com/channel/UCAzLOtGUh3HuHoZDgjnTzng
DISCLAIMER: We may receive a small commission for any purchases made through our affiliate links.
$100,000 Bitcoin Price Could Come as Early as Next Month – Mike McGlone
In this video, Mike McGione maintains that Bitcoin and Etherum are becoming investors’ preferred choice, compared to gold. Here is the summary of the content:
Mike was asked to shed light on his latest report from Bloomberg Intelligence that Bitcoin would reach 100k this year. He stated that the possibility is very high. One of the reasons is that there’s still a high probability that the US will follow Canada in approving the Bitcoin exchange traded fund (ETF). He noted that: “The fact that there are now over 30 applications and that money is migrating from the US and notably from Cathie Wood and Ark Invest, the pressure is quite strong and high for the US regulators to approve ETFs.”
In the bigger picture, Mike added, the foundation started last year. Looking at it from a commodity standpoint, supplies are declining while demand is increasing. Also, looking at the history of Bitcoin, when the supply is reduced, which happened last year, Bitcoin always has one of its best performances.
By the end of October, we should see some positive development around Bitcoin, said Mike. He believes that there will be a futures-based ETF, which will track most commodities, crude oil, corn, pepper, and many other instruments. He noted that futures-based ETFs might not be the best thing but it’s better than nothing.
Mike recalled that Canada has just opened the legitimization window for a massive amount of money inflows. So, he maintains that if a Bitcoin ETF is launched in the US, Bitcoin could speedily hit $100,000 for the following reasons:
First of all, historically, when Bitcoin hit $1,000, it held resistance here from 2013 to 2017 until it rose to $10,000 and was there for a few years, forming a resistance. So, once it broke the $10,000 mark, we should be expecting $100,000. That’s the history
A simple macroeconomic factor is the outflow of money from gold into Bitcoin. Many investors now give up gold to buy Bitcoin and Ethereum. God is down by 7% while Bitcoin is up by 70% and Ethereum 40is 0%. “This shows the tech guys are inheriting the earth,” Mike asserted.
Thanks For Watching Our Video 🤗
Please, like, comment, subscribe, and ring the bell! EVERYTHING helps us grow!.
Subscribe Here: http://bit.ly/SavvyFinance🙏
Credit: Stansberry Research
$100,000 Bitcoin Price Could Come as Early as Next Month | Mike McGlone
Welcome to “Savvy Finance 🤝
This channel is all about being savvy with your finance 💰.
We create and share videos about investments and how best you can put your money to use, in order to bring in more money. We love cryptocurrencies and the stock market and so, we share a lot of crypto and stock market videos,, including bitcoin, ethereum, Cardano ADA, and other altcoins. 🗠
We do a lot of research to bring you valuable and useful information, as well as sharing videos from many experts, including Michael Saylor, Raoul Pal, Charles Hoskinson, Max Keiser, Stacy Herbert, Cathie Wood, Lyn Alden and many others. 👨🏫.
🎦 Video footage and Background music: all video footage and background music used is either licensed through either CC-BY or from Videoblocks
#bitcoin #crypto #savvyfinance
👉 FINANCIAL DISCLAIMER
This channel is intended to share tips and investment videos by experts. We DO NOT GIVE FINANCIAL ADVICE! Please consult a licensed financial advisor and do your own research before making any financial action.
Never buy crypto just because you see a YouTuber talking about it. Always do your own independent research before investing in any coin.
For transparency, our crypto portfolio comprises mostly bitcoin, Cardano, ethereum, and xrp.