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889: ASSET MANAGEMENT GIANT VANECK SAYS BITCOIN CAN HIT $4.8 MILLION PER COIN AS A GLOBAL RESERVE ASSET!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
889: ASSET MANAGEMENT GIANT VANECK SAYS BITCOIN CAN HIT $4.8 MILLION PER COIN AS A GLOBAL RESERVE ASSET!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
ratings:
Length:
24 minutes
Released:
Apr 1, 2022
Format:
Podcast episode
Description
American investment firm VanEck believes that Bitcoin (BTC) has double the upside of gold and could be worth as much as $4.8 million per coin if it becomes the global reserve asset.
VanEck’s analysis found that the implied price for the king cryptocurrency ranged from $1.3 million to $4.8 million. The lower prediction was based on BTC as a monetary base (M0), which investment database Investopedia says includes all circulating supply of a currency and bank deposits but is not a common marker for economists to look at.
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VanEck’s analysis found that the implied price for the king cryptocurrency ranged from $1.3 million to $4.8 million. The lower prediction was based on BTC as a monetary base (M0), which investment database Investopedia says includes all circulating supply of a currency and bank deposits but is not a common marker for economists to look at.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Apr 1, 2022
Format:
Podcast episode
Titles in the series (100)
599: BITCOIN HITS STOCK-TO-FLOW REBOUND LEVEL NOT SEEN SINCE 2017 ATH!! CRYPTO TO TRANSFORM 4 INDUSTRIES!: Deviation from the stock-to-flow average has always resulted in a reversal to new all-time highs, data shows. Both 2013 and 2017 ultimately saw a two-tier run to an all-time high. The first peak was followed by a significant drawdown in each instance,... by Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News