Venture Investor: Use of Bitcoin as Hedge Against Uncertainty Will Send it to 7 Figures
QUOTE: To justify his seemingly wild possible Bitcoin price, Altucher stated that there is about $200 trillion in paper currency out there today. He compared this to the market capitalisation of all of crypto – less than $267 billion. Whilst the percentage difference isn’t quite the 200,000 he stated, it’s not far off. He continued:
“That could give Bitcoin a price of, I don’t know, $8 million. So, $1 million is actually a discount on where it could go.”
Source:https://www.newsbtc.com/2019/05/31/bitcoin-hedge-7-figures/
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