As companies and institutional investors continue to joinBitcoinmarket,BitcoinWednesday (17th) Continued to break through 52,000 upside USDBarriers, market estimatesBitcoinWill eventually become the global reserve currency, up to 500,000USD, But Xiaomo warned that the current price is at risk of upward gearing, and the future economic restart may be unfavorableBitcoinBull market.
Morgan Creek founder Anthony Pompliano said: “BitcoinMay rise to 500,000 in 2030USD, Considering that the Internet economy does not have a national currency, thenBitcoinWill become the largest global reserve currency of the Internet generation, 1 millionUSDJust around the corner, it will eventually become a global reserve currency, and its market value will be greater than that of gold. “
Since the outbreak of the epidemic, global central banks have maintained loose monetary policies to reduce the economic shock. Pompliano believes that several trillionUSDBeing injected into the financial market and economy, individuals, financial institutions, and companies are looking for the best assets to protect their purchasing power.Bitcoin。
Pompliano said: “As more and more people enter the market, the liquidity becomes stronger and stronger, and the utility is improved. When the practicality improves, the price will become more stable.”
Nikolaos Panigirtzoglou, global market strategist at JPMorgan Chase, said that some investors have seenBitcoinIs virtual gold, butBitcoinIn theory, it should reach 146,000USD, Making its market value close to the current private sector gold holdings of 2.7 trillionUSD, In order to compete with gold for the best safe-haven asset.
BitcoinHigh volatility is also a big problem, Panigirtzoglou said,BitcoinThe volatility of gold is five times that of gold. The key to the gradual convergence of the two assets is the participation rate of institutional investors. As long as the institutional investors investBitcoinThe faster the speed,BitcoinVolatility can converge faster.
On the other hand, Panigirtzoglou stated that althoughBitcoinThe bull market continues to be motivated by the influx of institutional investors and retail investors, but there is still an upside risk. The biggest risk is that as the economy restarts in the future, people return to work and reduce transaction time. The large capital flow in the past few months may be significant as a result Slow down.
BitcoinConquered 50,000 for the first time on TuesdayUSDAfter the whole number level, it broke through 51,000 and 52,000 successively USD, The highest climbed to 52621.84 on Wednesday USD, The overall market value of 975.3 billionUSD。
BitcoinIncreasingly attracting the attention of mainstream institutions, Twitter founder Jack Dorsey’s fintech company Square continued to increase in size last yearBitcoinPosition, Tesla announced that it will spend 1.5 billionUSDInvestment, financial institutions such as BNY Mellon (BNY Mellon), BlackRock have also joined the ranks of investment.
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