Expert Calls $42,000 Per Bitcoin (BTC) “A Good Shot”! |
Joey Krug of Pantera Capital, during a recent interview session with Laura Shin, made a very important bitcoin prediction in which he called a possible price of $42,000 per bitcoin a “good shot”.
The interview happened to be one of Laura’s recent episodes of her podcast which also featured Dan Morehead, alongside Joe, who happens to be the CEO of Pantera Capital, a blockchain-based investment fund founded in 2013.
Bitcoin Price Based On Life Cycle
Speculating on the price of bitcoin, when asked of his opinion of bitcoin’s life cycle and present stage, Joe predicted that bitcoin showed repetitive records and patterns which could see it flying over to around $356,000 per unit within the next couple of years, with bitcoin touching and maintaining stability at $42,000 by the end of 2019.
Bitcoin has made several familiar moves this quarter of the year and analysts believe that those are bullish signals all indicating an upswing in price in the long run.
Price Prediction By Recent Research
Recently, SFOX investigated the factors that affect bitcoin price and related bitcoin price swings to holidays and festivities. Holidays, as the research showed, has a positively great influence on bitcoin price over the years and this year, too, will not be an exception.
Moving slowly to conquer new levels and establishing new highs, bitcoin has steadily moved up at price this year and made an unimaginable come back from its 2018 price massacres. Now trading around $9700, analysts are of the opinion that bitcoin is inadvertently rising up and this time, will surpass its record all-time-high.
Also Read: Bitcoin (BTC) Price Prediction 2019/2020/2025: The Future is Already Here
Cryptocurrencies In General
In the case of cryptocurrencies in general, Morehead used the Gartner Hype Cycle to predict the stage at which bitcoin and its underlying technology are just 50% down the line of total exposure.
Bitcoin’s Adoption Timeline
According to Morehead, such developments would usually take around 20 years to completely materialize and get to the mainstream. In contrast to this theory, Bitcoin has only 10 more years to prove itself and stand the test of time. In Morehead’s words,
“A small kernel of something very important gets people to be crazed about [Bitcoin] and then the trough of disillusionment [occurs]. And we’ve already gone through two of those cycles in the six years that investing in it,”
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Published at Mon, 29 Jul 2019 07:48:53 +0000
Bitcoin Pic Of The Moment
Image from Global Bitcoin (BTC) Summit, Beijing:
First introduction of the Caring Currency –
MEANINGFUL FUN & SOCIAL PROFIT
Caring Currency Project – a Fun and Exciting opportunity to be happier, make more friends find meaning in your life and build your reputation as being Part Of the Solution (POS) in business, society… JOIN US, and make China and the world a better place.
(How China Saved the World)
How? Help us create, develop and share the “Caring Currency” ecosystem – a much needed complimentary and alternative ecosystem to the high stress, high pressure, low satisfaction lifestyles we are living today. Become Part Of the Solution, create a Caring Currency used in a Lifestyle Of Health, Happiness And Sustainability (LOHHAS).
Ecosystem?
We live in ecosystems – Cultural, Financial and Environmental…they’re all related and interdependent. Actually, everything is dependent on our Environmental Ecosystem, because without food, water and air there is no human culture or opportunity to do business and support the human world we’ve created. Caring Currency will fill the gaps and connect the dots, making our lives meaningful.
The BLOCKCHAIN
The BLOCKCHAIN is the brilliant underlying technology of Bitcoin (BTC), creating a world-wide, peer-to-peer medium of exchange, accounting system with methods to store value. Build your reputation in a trustless system – no third party, but instead a face-to-face and peer-to-peer people-oriented platform. Caring Currency has priceless, special values – human values.
What about business? Show Me the Money…
Smart people realize that money is only money. You can’t eat or drink it. You can’t have a conversation with it, and as much as we need it and want it, it distorts our perspectives and controls our lives in many negative ways. The pursuit of money alone hurts us and the planet we depend on.
Caring Currency is a financial business on the BLOCKCHAIN – the home of the Republic Of Conscience.
Caring Currency is a New, Parallel World – in the Republic Of Conscience
Hard to define in old terms, nothing comparable to the Republic Of Conscience has existed until the connectivity of the internet and accounting of the BLOCKCHAIN made it possible… Old financial terms and structures that existed prior to the BLOCKCHAIN and Bitcoin (BTC) – Money, Security, medium of exchange etc. will be naturally updated to freely serve people around the world in new ways.
Freedom..
Although we live different nations, with all their opportunities and restrictions, we can free ourselves from those burdens by changing our attitudes, outlook and decision-making criteria. Caring Currency expresses the Freedom of our individual State Of Mind in the Republic Of Conscience.
FUN…and Education
With a variety of fun coin names like KuaiLeBi (Happy Coin) and DUCKeCOIN, Caring Currency is (1.) first meant to bring light-hearted fun and smiles to people’s faces and make their lives and relationships happier, and (2.) secondly, exercise the practice of giving back to society, building generosity, social cohesion and harmony. (3.) Thirdly, give the masses practical, technical experience with virtualcurrency, wallets and transferring values through the BLOCKCHAIN.
INVESTMENT
What is most important to you? Money or Friends?
I have a question for you… can you buy friends?
Some people think they can, but the quality of those friendships are always very poor.
However, you can definitely “invest” in friendship by INVESTING IN YOURSELF. (To find more friends, you must invest in learning to BE a friend!)
HOW YOU CAN LEAD A HAPPIER, HEALTHIER, MORE MEANINGFUL LIFE
Take CARE of yourself,
Invest in yourself…
YOUR NETWORK – Join the leaders of the new world based on the BLOCKCHAIN…
YOUR EXPERTISE – the BLOCKCHAIN is less than 5 years old, you know more than most people!
YOUR SKILL SET – this is your opportunity to experiment, test and try new things!
YOUR RELATIONSHIPS – improve your relationships by improving yourself.
YOUR WEALTH – build a fortune to live a secure and meaningful future.
YOUR AMBITION – Helping others reach their positive goals, will provide the platform and resources for your ambitions.
HOW DOES IT WORK?
We are developing a new way to “buy friends” and gain respect – winning their hearts and minds through appreciation and “gifting” through the Caring Currency ecosystem.
Some people call it “Pay It Forward” but simply put, we’re developing a system of quantifying, distributing and recycling our goodwill. Join us and learn more.
What we need: Your skills, passion and commitment.
The benefit to you… Participating with passionate people, where you will find inspiration to create your own state of mind, money-making businesses and spinoffs.
What you need to do – no experience necessary!
Show your courage, commitment and support – Send us a 3 Finger Photo of yourself, and a brief explanation of your skills and how you want to use your skills to create a Caring Currency for a better world. Don’t forget to smile_!/
By Philip McMaster PeacePlusOne_!/ on 2014-05-11 20:52:01