Former Goldman Sachs Hedge Fund Manager says Bitcoin is going to $1 million in the "next 5-6 years"
The bullish calls just keep coming for Bitcoin...
In what amounts to one of the more bullish calls of the year, a former Goldman Sachs Hedge Fund Manager says that bitcoin is going to go to $1 million within the next 5-6 years.
Specifically this is what he said in an interview the other day:
"I think [$1 million per bitcoin is] about right; whether it’s five years, six years"
The rest of his interview can be seen here:
So, why exactly does he think this?
His rational is pretty simple really...
There's a wall of money coming and he has first hand knowledge of it due to his contacts and his connections from his Goldman Sachs Hedge Fund days.
Basically he says he personally knows of a wall of money on the way that is going to move the price up tremendously in the coming years.
His exact quote:
"Just from what I know from all of the institutions and all of the people I speak to, there is an enormous wall of money coming into this. It’s on everybody’s radar screen and there’s a lot of smart people working on it."
Based on his past and his connections, he probably know better than most.
In a note out to his clients he mentioned this as well:
(Source: https://twitter.com/squidonomics/status/1259398336978620416/photo/1)
He puts his money where his mouth is...
He's willing to put his money where his mouth is and actually invest the same way he talks.
$1 million per coin sounds awful high, but when FOMO takes over, the price can do some pretty crazy things.
And Institutional FOMO is a whole other animal...
The next 5-6 years are going to a ton of fun for bitcoin investors!
Stay informed my friends.
-Doc
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I'm with RP on this one, as this thing keeps moving up it needs to hit that 1 trillion market cap to be taken seriously and that's when it will go on the run, traditional finance will jump in and this runway train will have no slowdown.
I do think the fight against deflation governments want will overcorrect and inflation will run hot as hell
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I think they already are jumping in, but they won't do it all at once and they will try to do it without moving the price as much as possible. Once they are in, then they will do their part pushing the price. :)
Wow! Stansberry Research has been getting a lot of views lately. If you want to keep track of that $1 Million/1 BTC claim, use https://dickline.info
The total crypto market could be worth over 19 trillion USD in five years. But BTC alone being worth that much is ridiculous. I don't think that relic would go very far.
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If we keep printing fiat at this rate BTC and crypto will be the only pace to be.
Also Doc, sorry for the slight shameless plug, but come join the daily discussion Leo thread. I’m sick of Reddit and stocktwits and I would love to get a trading chat going here. I respect your investing knowledge and would love to pic your brain.
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