I had a Porsche Boxster when I was 25 and it was one of the biggest mistakes of my life. Now I’m ready to buy another but NOT ready to pay $65K. Check out how I plan on paying just $6,000 for a new Porsche and get up to $250 in bitcoin on BlockFi! https://mystockmarketbasics.com/blockfi
If you’re still skeptical about investing in bitcoin or buying cryptocurrency, you need to watch this video. Not only will I reveal three bitcoin price predictions but more importantly, the reasons why bitcoin could be your best investment over the next 10 years. In fact, buying bitcoin now could 10X your money to buy you a house, pay for college or even buy a Porsche Boxster for just $6,000!
I realize there are still plenty of bitcoin skeptics. Warren Buffett has called bitcoin, ‘rat poison squared’. But bitcoin and cryptocurrency has reached a critical mass where nobody can stop it. Governments can regulate it. Hedge funds can try to short it. Bitcoin will survive. JP Morgan CEO Jamie Dimon has been one of the biggest bitcoin critics, saying “bitcoin will not survive” and yet the investment case is so strong that his bank just announced it would launch a series of cryptocurrency investment funds.
Two reasons alone point to the fact that bitcoin will not only survive but keep growing. First, bitcoin and cryptocurrencies have become a part of the economy especially in states like Texas and Florida. Washington isn’t going to pass any laws that would hurt the voters in these two states.
Bitcoin is also about to see a wave of big money investment from institutions; the wealth managers, pension funds and endowments that control trillions of dollars. A recent survey by Fidelity found that 90% of institutional investors, a market that controls $145 trillion globally, plan on investing in bitcoin by 2026.
Want to earn free bitcoin? Don’t miss the first bitcoin rewards card! Everything you need to know here! https://youtu.be/cCZUDaMs_gU
So then the question isn’t will the price of bitcoin increase but HOW MUCH will it increase? How much is bitcoin worth?
VC investor Tim Draper believes bitcoin could be worth $250,000 by the end of next year and more in the years to come as cryptocurrency becomes the driving force in financial innovation. Just that short-term bitcoin prediction would be a 450% return.
ARK Invest CEO Cathie Wood predicts bitcoin will reach $500,000 in the years to come on that wave of institutional investment as well as a shift in corporate cash reserves to cryptocurrency. The firm estimates that if just 1% of corporate cash and institutional investment were put in bitcoin, it would increase the price by $150,000 and more from there. That $500,000 bitcoin price target could take a few years but is a 1,000% return.
Dan Morehead of Pantera Capital has one of the highest bitcoin price predictions, estimating that on growth in user data that bitcoin could reach $700,000 each before it’s finished. It’s probably the longer-term bitcoin price forecast but would be a 1,455% return!
Still not investing in cryptocurrency? Don’t miss the rest of the videos in our cryptocurrency tutorial series for beginners!
Two ways to value bitcoin and why it could go to $190,000 in a few years! https://youtu.be/hrTVtv-caiE
Price forecasts for 7 other cryptocurrencies including Ethereum, Litecoin and Stablecoins https://youtu.be/8IYNyn-QB_M
Bitcoin vs Ethereum: Which is the Better Investment? https://youtu.be/UWgWcsA8dSQ
The video is in partnership with BlockFi and I’ve been using the high-interest bitcoin platform and will be using the new rewards credit card as well. Besides the industry-leading security and ease of investing in cryptocurrencies like bitcoin, Ethereum, Litecoin and stablecoins, you can earn up to 7.5% interest on your crypto. I’m really excited about the bitcoin credit card but there’s a huge waiting list so don’t wait to sign up here https://mystockmarketbasics.com/blockfi
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.