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The chief investment officer of crypto asset manager Bitwise Investments is unveiling his massive price target for Bitcoin despite the ongoing bear market.
In a new Stansberry Research interview, Bitwise executive Matt Hougan says that Bitcoin could rally by over 2,273% from its current price of $21,062 as he believes BTC will come close to gold’s market capitalization of more than $11 trillion.
“I think it’s perfectly rational to believe that Bitcoin could trade to half a million dollars over time. The way I picked that number out of the hat is if Bitcoin held as much wealth as is held in gold, it would be about half a million dollars a Bitcoin.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3AKqyy5
✔ Crypto Analyst Issues BTC Crash Warning: https://bit.ly/3A9nutC
✔ Arthur Hayes Says Time to Go Shopping: https://bit.ly/3PDndoB
✔ Scaramucci Predicts $300K Bitcoin: https://bit.ly/3T5cypK
✔ Matt Hougan Predicts $490K Bitcoin: https://bit.ly/3Abg3lF
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
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