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RE: Bitcoin price discovery nears: 100K an inevitability

in LeoFinance3 years ago

Yeah I mean, 100k is the 6 figure big institutions are looking for, but I don't really think we could even get much higher than these, maybe as retail investors will fomo in and will follow the stupid recommendations they see on guru channels as "Bitcoin will go up to 250k, 500k" even 1 million I heard it. So that case could lead the price up to 110k-135k, but who knows? the only think I have assumed is that I will keep attention as all these big money will first move to ethereum and then to altcoins where I have most of my big bags. Greetings friend!

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I know 1 million dollar Bitcoin sounds insane, but so did 100k when we were back at $1000.

For me, it's just another inevitability that we'll see sooner than we probably think.

Buy Bitcoin!

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It will happen, but I very much doubt it will happen in this bullrun, a return of +200% for institutional ones is completely crazy, they are more used to + 20% or + 30%. Moreover, a circumstance like this would crash any other market,think about it , who really has so much money to move the market? There are fewer people than we think who really move the market. These institutions are those who are interested in this not growing so much in a short period to get a great return, retail investors or maniac bitcoiners ones will not stop these even if they are a big mass, those that aim at prices of 300k-500k even a million, they don't even take into account the huge quantity amount of capital that would be needed for that to happen. Do not take me wrong, 1 million per BTC will happen, but it will take time like everything in life, those who believe that we are in a super cycle will lose a lot of money and that will be seen next year.

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