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If Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop

From investorplace.com

Everyone loves to throw out long-term price targets on Bitcoin. ARK Invest fund manager Cathie Wood last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next several years. Tyler Winklevoss of Facebook fame and big crypto enthusiast has also pounded on the table about a $500,000 long-term price target for Bitcoin. Meanwhile, the relatively conservative analyst team over at JPMorgan has set a theoretical long-term price target for BTC of $130,000. A leaked Citibank report shows that the analysts over there think that the price could climb toward $300,000. Billionaire Tim Draper ... (full story)

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  • Category: Fundamental Analysis