23 min listen
1146: ON-CHAIN ANALYST SAYS BITCOIN REACHING $1M IN VALUE WILL CRASH THE FIAT CURRENCY SYSTEM!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
1146: ON-CHAIN ANALYST SAYS BITCOIN REACHING $1M IN VALUE WILL CRASH THE FIAT CURRENCY SYSTEM!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
ratings:
Length:
30 minutes
Released:
Dec 28, 2022
Format:
Podcast episode
Description
Leading on-chain analyst Willy Woo weighs in on some of the more bullish Bitcoin predictions that put BTC at $1 million per coin, including that of Cathie Wood from ARK Invest. Woo says if the king crypto (BTC) reaches $1 million in value as Wood has predicted, it could crash the fiat currency system.
Woo says Bitcoin’s price rally toward $1 million will lead to a battle of governments attempting to push BTC down to protect the dominance of fiat currencies.
“Thus the forces pushing BTC pricing becomes binary, like breaking the sound barrier. There’s increasing bearish pressure on BTC as it approaches fiat market caps, while governments suppress it. If the barrier is broken, BTC gets bullish pressure and escapes towards infinity.”
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Woo says Bitcoin’s price rally toward $1 million will lead to a battle of governments attempting to push BTC down to protect the dominance of fiat currencies.
“Thus the forces pushing BTC pricing becomes binary, like breaking the sound barrier. There’s increasing bearish pressure on BTC as it approaches fiat market caps, while governments suppress it. If the barrier is broken, BTC gets bullish pressure and escapes towards infinity.”
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Dec 28, 2022
Format:
Podcast episode
Titles in the series (100)
656: AMAZON READY TO DEPLOY BITCOIN PAYMENTS?!! BTC BLAST THROUGH $44K, HITTING HIGHEST PRICE SINCE MAY!!: Amazon denied reports it will accept Bitcoin payments soon, but seemingly, it’s only a matter of time before the tech giants embrace the token economy. Maybe Amazon really isn’t preparing to accept BTC as payment for its goods and services before... by Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News