You are viewing a single comment's thread from:
RE: Once Again...Pre-Mature Death Of Bitcoin
Did you read the news about Square allowing BTC buying and selling? This is getting serious really quick! Expect 10x to 20x increases in the price of Bitcoin by 2020. The only thing that can stop this now is a flat out regulatory denial to CME's futures. Other than than, I can hear the Wall Street herd coming and it's pretty loud!
Yes I did. The CME futures deal also means that other major retailers could start accepting BTC since there is a way for them to hedge against the swings in price ala what the airline and trucking industries do with gas/oil.
As much as I still do not believe that bitcoin (any of them) is suited to be "money", it appears some progress is being made in that area. I am still of the belief Wall Street will make it the store of value in the digital world.
If BTC can pull even just a trillion from the gold market, which is barely over 11%, we are looking at a huge increase in price.
I am also banking on a substantial increase in the price of steem and bts.
Check out this quote that I zapped out....very telling numbers of how Bitcoin is not even close to a top...most people do not realize how much money Wall Street throws around...minimum $300M check? Imagine a few of them into bitcoin...and it is only one fund.
https://steemit.com/zappl/@taskmaster4450/bitcoin-will-go-much-higher