Hey everyone! Just a quick write up. As I sit here and write this, I watch as Bitcoin hits $4975 USD! We're almost there!
People were called crazy just 5 or 6 months ago when they said Bitcoin would hit $5000 USD by the end of the year! Talk about undervaluing! It looks like $7500 USD is more realistic!
Every time we watched a slight correction take place, the media panicked and discredited their monetary knowledge, but what's new? From Mark Cuban calling it a bubble to now putting tons of his own money into cryptos, we're looking at an amazing rally to come and of course a few bumps along the way!
As the stock market gets ready to burst as 30 billion dollars was taken out of US stocks by investors in the past 10 weeks alone, Bitcoin has now surpassed (by far) PayPal and Netflix, nearing the market cap of Morgan Stanley! This is incredible! But most of us knew it was coming. To think it's still only the beginning!
As I often mention, at the 7 year average daily rate of growth, Bitcoin will likely hit 250k by 2020 and knowing past predictions, we're probably underestimating and undervaluing this beautiful haven from central banks as they get another massive slap in the face.
Diversification is important as well. Watch the gold and silver markets gain steam despite massive manipulation should also alert us that something epic this way comes... But never worry! You've got Bitcoin! ;)
Hey ,
Very interesting read, Thanks you for sharing it!
Happy $5,000.00 Bitcoins via coindesk's BPI!!!
:D
https://coinjournal.net/estonian-government-considering-raising-bitcoin-sovereign-wealth-fund/
If it becomes a trend that nations HODL bitcoin in their treasury I think 7500 USD per bitcoin is VERY low. I suspect that when one country starts others will follow after seeing the creation of wealth.
Bitcoin to the moon!
It is already above $5000 now. wow! :)
Unbelievable! Always a day late! Hope you got a good share of the bitcoin. 🐓🐓
I just posted the latest on this in my series too with all the charts and overview etc.
What a week and how bout that LiteCoin too
LOL
Wow! To the moon!
great post my friend @joshsigurdson hopefully we all will enjoy of it at 250k in 2020 :)
Bit of a sell off at the moment just missed the 5k but some exchanges did in fact hit that 5k mark just a bit ago
Hasn't managed to cross just yet on the dollar exchanges but it has been well over $5000 worth of reals in Brazil all week
Where will this end ? :)
It'll be interesting to see how long this pullback lasts. I suspect we've still got a ways to go before the rally resumes.