MATI GREENSPAN SAYS BITCOIN COULD REACH UP TO $1M PER BTC AND SEE DAYS OF 250% GAINS, OR EVEN MORE!!

➡️ Leverage OPM (Other People's Money): http://opm.cryptonewsalerts.net

Mati Greenspan, the Quantum Economics founder is bullish on Bitcoin and says that the leading cryptocurrency can reach up to $1 million per BTC.

In a newsletter released today he said that the recent Bitcoin rally past $23,000 — a gain of roughly 29% in a week — didn’t necessarily mean the market was “overheating” and heading for a crash like the one in December 2017.

“In our opinion, things are just getting started,” said Greenspan. “We probably shouldn't be using any old yardsticks when it comes to determining what kinds of percentage gains are possible.”

He added:

“Should demand continue to pick up from these levels and supply continue to constrain, there is a distinct possibility that we may see some days of 250% gains, or even more.”

Greenspan said there isn’t “anyone on the planet who might be able to predict” when Bitcoin (BTC) will turn bearish, if ever, but the price could be “any number between $23,800 and $1 million per coin.”

He also didn’t rule out Guggenheim Partners’ Scott Miner’s claim that the crypto asset “should be worth about $400,000.”

“Now that we're past the prior all-time highs, there are no levels left on the chart that might indicate where the price might eventually top out,” said Greenspan. “It will top out at some point though. You can be sure of that.”

Other figures in the crypto space, like Binance.US CEO Catherine Coley, also see the current Bitcoin bull run as evidence of sustained growth:

“When the Fed and other governing agencies across the world are seemingly OK with the effects of inflation on fiat currencies, we’ll continue to see the diversification thesis into BTC surge, with price breaking through key technical levels.”

In other breaking Bitcoin News today:

"Messari Values Coinbase at $28 billion Following IPO Filing"

Following cryptocurrency exchange Coinbase filing a draft registration for a public offering with the United States Securities and Exchange Commission yesterday, research company Messari has valued the company at $28 billion.

Messari’s model examined the company’s various business segments, such as trading, custody and debit cards, to come to this figure.

Coinbase is one of the biggest exchanges worldwide, with daily trading volumes of over $1 billion. Assets under custody have grown to $20 billion from $7 billion in 2019.

A previous fundraising round in August 2017 saw Coinbase’s valuation break the $1 billion mark, gaining it unicorn status. The most recent round gave the company a value of $8 billion in October 2018.

An August 2020 report from research company Hurun had not updated this $8 billion figure, despite increases in daily trading volume and assets under custody.

On providing its latest $28 billion valuation, Messari’s analyst noted the significance of such a major IPO in the crypto space:

This listing is important even for Token valuations as Coinbase will provide a valuation anchor — not only for future equity listings — but also for crypto-native exchange tokens.

Stock-to-flow’s various incarnations call for a Bitcoin price of anywhere between $100,000 and $576,000 by the end of the current halving cycle in 2024. BTC/USD exactly hit the original model’s daily prediction — $23,562 — on Thursday.

This week, One River Asset Management revealed a plan to up Bitcoin and Ether (ETH) exposure to over $1 billion by early 2021. Guggenheim, which reserved the right to allocate part of its own capital to BTC, now says a fair value for Bitcoin is $400,000 — 1,600% higher than the all-time high seen on Thursday.

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Show Notes / News Resources:
- $1M Bitcoin Prediction: https://bit.ly/3apvNqa
- $100K BTC STF Right On Track: https://bit.ly/3p4czu1
- Messari Values Coinbase IPO @ $28.7B: https://bit.ly/37wQiz8
- Max Keiser Report: https://bit.ly/3ny9IsX

DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky and so is investing into Cryptocurrency. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

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