Bitcoin (BTC) is recovering from the Thanksgiving crash. BTC is already re-attacking $ 18,000 2 days after the big drop. The bloody day is still in people’s minds; This does not prevent dreaming of a Bitcoin at $ 300,000.
6-digit bitcoin: it’s written in advance!
The co-founder of Gold Bullion International, Dan Tapiero, said in an interview with Anthony Pompliano, that it was only a matter of time before the price of Bitcoin does not reach 6 digits.
In terms of price appreciation, Tapiero believes that the performance of Bitcoin are indisputable even though he advises investors to keep gold in their investment portfolios.
According to him, when gold trades at $ 4,000, the price of Bitcoin will be in the range of $ 300,000 to $ 500,000; its current value would therefore be multiplied by 20 to 30.
Tapiero indicated that institutional investors could allocate 5 to 15% of their portfolio to Bitcoin, which would represent approximately an investment of 15 trillion dollars.
Bitcoin acts as a hedge against fiats inflation and when its market cap exceeds $ 1 trillion, then it will become easier to manage, just like gold.
Bitcoin is for kids !
Tapiero emphasizes that gold is a store of value just as Bitcoin. But this is the only common characteristic of the 2 assets.
Bitcoin is a true network infrastructure and that is why its growth potential is much higher than that of gold. Tapiero is convinced that at some point, Bitcoin will eventually outperform gold.
Other analysts share this optimism, such as the chief investment officer Off the Chain Personal-Financial.com, Brian Estes, or the host of CNBC, Jim cramer.
To screw up, who was nevertheless a Bitcoin skeptical, said it was an asset that his own children would be comfortable with, unlike gold.
How long will it actually take Bitcoin to reach 6 digits? How many more crashes will he encounter on his way? Will institutional investors really support the rise of Bitcoin in the long run, once the covid-19 pandemic is over? The $ 20,000 is retried after the huge red candlestick on November 26, 2020. BTC has the opportunity to demonstrate its resilience yet again.
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