BMR for 2nd Aug 2021 - 700,000 Bitcoin!

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Just scanning some Bitcoin news this morning. Seeing the good, the bad, the ugly, and thought I would share a link to this one I am talking about.

Bitcoin's terminal value is really $700,000: crypto investor.

A nice little quote from Dan Morehead and from the article:

"We did a study showing the number of people using bitcoin over the years and price of bitcoin. Both of those data series went up by an order of magnitude every two years. If that kept going, that would put bitcoin at $700,000 when everybody with a smartphone uses it. Ten years time is a reasonable forecast," Pantera Capital founder Dan Morehead said on Yahoo Finance Live.

Your thoughts?

Hive: $0.4084 up 1.08%

Bitcoin: $39,546.51 down 5.28%

CUB: $0.6334 down 2.25%

Chia: $231.79 down 11.62%

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Bradley



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4 comments
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Well... it think it is a good one for hive but for bitcoin and other crypto currencies that are down, i strongly believe that in no time it will definitely grow up.

I am hoping that bitcoin might end up breaking it $40,000 record.

Honestly CUB has been doing fine. I never know it is higher than hive. This is a good one. Regarding down by 2.25%. I think it is still going to grow beyond the $0.6 hopefully might got to $1 very soon.


Posted via proofofbrain.io

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Because this is such an awesome post, here is a BBH Tip for you. . Keep up the fantastic work

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