Target: $10,000 to $14,000
Why?
1) Gold and Silver appear to be nearing bottoms.
2) The use of digital currencies to escape the rules and regulations of national treasuries and governments is fading quickly. I imagine the US IRS hiring 87,000 individuals has some correlation to digital asset holdings and their use.
3) Contrary to bitcoin's stellar performance in the wake of the 2020 covid-related equities sell off, I am betting that price declines and volatility in the equities markets is bad for the price of bitcoin at this point in time.
4) Additionally, I believe non-professional and amateur stock traders with significant capital will find better results and more significant capital appreciation trading orthodox commodities like energy, metals, livestock, and agriculture.
5) Finally, I believe political pressure will result in legislation that allows economic superpowers to sanction cryptocurrency transactions similarly to how swift transactions are sanctioned during times of global conflict.
But, as always, this is just one opinion!
Why?
1) Gold and Silver appear to be nearing bottoms.
2) The use of digital currencies to escape the rules and regulations of national treasuries and governments is fading quickly. I imagine the US IRS hiring 87,000 individuals has some correlation to digital asset holdings and their use.
3) Contrary to bitcoin's stellar performance in the wake of the 2020 covid-related equities sell off, I am betting that price declines and volatility in the equities markets is bad for the price of bitcoin at this point in time.
4) Additionally, I believe non-professional and amateur stock traders with significant capital will find better results and more significant capital appreciation trading orthodox commodities like energy, metals, livestock, and agriculture.
5) Finally, I believe political pressure will result in legislation that allows economic superpowers to sanction cryptocurrency transactions similarly to how swift transactions are sanctioned during times of global conflict.
But, as always, this is just one opinion!
