890: HERE’S HOW BITCOIN CAN HIT $1.3 MILLION PER COIN ACCORDING TO ASSET MANAGER VANECK!!
04/02/22 • 22 min
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The long-term outlook remains incredibly bullish for Bitcoin enthusiasts, including VanEck. The ETF and Mutual Fund Manager predicts the king cryptocurrency (BTC) reaching between $1.3 million - $4.8 million if it becomes the global reserve asset.
"Asset manager Van Eck says the Bitcoin price implied by global M0 and M2 is between $1,300,000 and $4,800,000 if it replaces fiat currency reserves as the next global reserve asset." - Mike Alfred
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The long-term outlook remains incredibly bullish for Bitcoin enthusiasts, including VanEck. The ETF and Mutual Fund Manager predicts the king cryptocurrency (BTC) reaching between $1.3 million - $4.8 million if it becomes the global reserve asset.
"Asset manager Van Eck says the Bitcoin price implied by global M0 and M2 is between $1,300,000 and $4,800,000 if it replaces fiat currency reserves as the next global reserve asset." - Mike Alfred
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Previous Episode
889: ASSET MANAGEMENT GIANT VANECK SAYS BITCOIN CAN HIT $4.8 MILLION PER COIN AS A GLOBAL RESERVE ASSET!!
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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Next Episode
891: HERE’S WHAT WILL IGNITE A BITCOIN ERUPTION TO $58K AND HOW BITCOIN CAN EXPLODE BY OVER 10,000%!!
A closely followed cryptocurrency analyst and trader is unveiling what he believes will propel Bitcoin to his target of $58,000 per BTC.
Also global investment giant VanEck is predicting Bitcoin could surge by over 100X as hard currencies become less attractive reserve assets.
“The implied price of Bitcoin using the same aggregate M0 that we used for gold is around $1,300,000 per coin.
The implied price of Bitcoin using global M2 is $4,800,000 per coin.”
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