Market Cap: $2,428,174,530,126
24h Vol: $55,400,556,666
Cryptocurrencies: 28610
Markets: 116275
Cryptocurrencies: 28610
Markets: 116275
Market Cap: $2,428,174,530,126     
24h Vol: $55,400,556,666
Seeking Alpha 2021-02-19 11:00:00

Bitcoin And GBTC: Given Supply-Demand, Higher Prices Are On The Way

Bitcoin And GBTC: Given Supply-Demand, Higher Prices Are On The Way
Joining Square and MicroStrategy, Tesla became the latest company to use its corporate balance sheet to invest $1.5 billion in Bitcoin.While some are focusing on the $50,000 level, it would appear to me that it is a given - and $100,000 is possible, too, in my opinion. I'll explain why.Instead of worrying about the risk of buying and owning BTC, skeptical investors should instead ask: "what is the risk of NOT buying BTC?"As my articles on portfolio management suggest, allocating a small percentage (1-5%) toward "speculative growth" can juice total portfolio performance. BTC is perfect for that category.
esptco-banner img
Latest News

Videos

  • NFT Marketing: How to market your NFTs?

  • 10 Ways to Make Money Via Crypto | Step by Step Guide to Make Money Online!

  • The Metaverse to Replace the Real World!

  • Digibyte: What is DGB? EXPLAINED!

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire