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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.
VanEckβs 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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Show Notes / News Resources:
β Bitcoin Technical Analysis: https://bit.ly/3DvC4Nm
β Michael Saylor on Bitcoin Bonds: https://bit.ly/3tZcMUG
β Bank of Japan Calls for G7 Crypto Regulation: https://bit.ly/38pgHSB
β $4.8M Bitcoin Prediction: https://bit.ly/3qVRS6S
π΄ DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make.ββββββββ Always do your own research and never invest what you cannot afford to lose.
#bitcoinβββββββββββββββββββββββββββββββββ #cryptoβββββββββββββββββββββββββββββββββ #bitcoinnews ββββββββββββββββββββββββββββββββ#cryptocurrency #FTXPartner
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