Ongoing Institutional adoption will take Bitcoin to $400K, do you agree with such a high price point? Usually I shouldn't, but with all the investment funds and institutions getting onboard I feel that we are living different times than 2017... The price of bitcoin could surge multi-fold from its current level to $400,000 as its institutional adoption has intensified, noted Bloomberg analysts. In their recent report they also suggested that BTC is replacing the “old-guard” gold more “sudden than gradual.” Although they acknowledged $60,000 as the key resistance in bitcoin’s way up, they believe it’s actually “eroding” due to the massive adoption from behemoths like Morgan Stanley, Visa, Goldman Sachs, Tesla, and more. #Club1Bch
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Yes, I believe in such numbers. But not this market cycle. Not 2021 at least.