BTC appears to still be on it's Bull Run, and with BNY Mellon confirming they will be custodying Digital Asset's for it's Customers later this year (in case you have been living under a rock BNY Mellon is One of the US's oldest Banks, over 120 years old BNY Mellon is a Custodian of Trillion's, yes that's Trillion's with a T under management) even if they were to only Allocate half of 1% of their Holdings your looking at a 6 Figure BTC. This is only one of Many Big Names to rally Behind The CURRENT Crypto King (I do note Current for a Reason). As the dollar continue's to weekend, Govt's of the World Continue Printing Money, everyone is looking for a Hedge against weakening Fiat. It was just couple years ago the CEO of JP Morgan, (along with other big names) publicly Bashed BTC, it was at this same time these institutions were loading up their bags. Same with other Countries (I.E - China who was considering "banning crypto" only to on top of establishing some of the largest BTC Mining Facilities, came out with their own Digital Yuan). Years later analyst at JP Morgan are putting price Targets on BTC of $150,000 on top of creating their own JPM Coin. Welcome to the GAME Boys and Girls. Watch what they do not what they say. Because now these same people/companies/Countries that were bashing and banning BTC, screaming Scam from the Roof Tops, are now advertising to the Public it's....."Digital Gold" making fortunes off the Retail Investors.
Long term I do believe it will continue to appreciate in value and reach a 6 Figure price. However, it's initial creation was for Payment's. BTC is slow, clunky and costly to transact with. But as the Big names on Wall Street loaded up their bags, they needed a way to sell it to the Public. And they couldn't have been handed a more perfect Storm , between the pandemic, printing money and the growing Trend to Digital. I do believe BTC will hold it's store of value for some time, but inevitably there are other Digital Assets/Crypto's whatever you would like to call them, that solve real problems. And ultimately the speculative pricing we are experiencing today will no longer be the case. The Value of these Coin's will be derived from the problem they solve. From DeFi to Payments and Beyond. Which is why just like any investment, diversification is HUGE. And also Another reason I am EXTREMELY BULLISH on XRP, not so much in the short term but long. Just as China was "banning crypto," only to be setting themselves up behind closed doors. I think we will see something Similar with XRP. As the SEC has filed suite against Ripple the Company for Selling an unregistered Security (mind you Ripple the company went to the SEC and FED from Day One, being one of the Few Crypto's that wanted to work with the Gov't with in the Guidlines, told them what they had and asked what they Could and Could Not do. Ripple has had Countless Employee's either move from Ripple to Key Position's elsewhere, or from elsewhere come to Ripple. All the same, For the SEC to Sue Ripple 8 YEARS LATER...really seems odd, even more so considering the timing- Remember watch what they DO, NOT what THEY SAY) I believe in the end Ripple will get fined, receive regulatory clarity and by the time Trading resumes in the US, you will have already missed the Big Price Move... Anything other then that, would put the US way behind a revolution that is happening with or with out them.
And Don't be so naive to BELIEVE the US would be So Careless.
There is ONE THING that is Certain. Crypto isn't going anywhere, and if you play you cards right, you may have a better chance today, then even the Boomers did in the Dot Com Era, to grow Financial Wealth.
This is ONLY the BEGINNING
Long term I do believe it will continue to appreciate in value and reach a 6 Figure price. However, it's initial creation was for Payment's. BTC is slow, clunky and costly to transact with. But as the Big names on Wall Street loaded up their bags, they needed a way to sell it to the Public. And they couldn't have been handed a more perfect Storm , between the pandemic, printing money and the growing Trend to Digital. I do believe BTC will hold it's store of value for some time, but inevitably there are other Digital Assets/Crypto's whatever you would like to call them, that solve real problems. And ultimately the speculative pricing we are experiencing today will no longer be the case. The Value of these Coin's will be derived from the problem they solve. From DeFi to Payments and Beyond. Which is why just like any investment, diversification is HUGE. And also Another reason I am EXTREMELY BULLISH on XRP, not so much in the short term but long. Just as China was "banning crypto," only to be setting themselves up behind closed doors. I think we will see something Similar with XRP. As the SEC has filed suite against Ripple the Company for Selling an unregistered Security (mind you Ripple the company went to the SEC and FED from Day One, being one of the Few Crypto's that wanted to work with the Gov't with in the Guidlines, told them what they had and asked what they Could and Could Not do. Ripple has had Countless Employee's either move from Ripple to Key Position's elsewhere, or from elsewhere come to Ripple. All the same, For the SEC to Sue Ripple 8 YEARS LATER...really seems odd, even more so considering the timing- Remember watch what they DO, NOT what THEY SAY) I believe in the end Ripple will get fined, receive regulatory clarity and by the time Trading resumes in the US, you will have already missed the Big Price Move... Anything other then that, would put the US way behind a revolution that is happening with or with out them.
And Don't be so naive to BELIEVE the US would be So Careless.
There is ONE THING that is Certain. Crypto isn't going anywhere, and if you play you cards right, you may have a better chance today, then even the Boomers did in the Dot Com Era, to grow Financial Wealth.
This is ONLY the BEGINNING