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Bullish call on Bitcoin

By DAC000 , in Bitcoin Cryptocurrency , at November 21, 2020 Tags: ,

and her argument is pretty compelling: institutional investors are adopting Bitcoin, and if even 1% of their assets under management are placed into Bitcoin, price could reach $500K. About a one minute read.

So she’s covered demand pretty well. But another factor she didn’t mention is supply; there will only be 21M Bitcoins mined, and we’ve already mined about 18.5M. So supply is limited even as demand is increasing. Pretty simple economics here.

FinTwit is on fire today, Blackrock on Bitcoin in a short video clip.