Market Overview - As of late November 13, the market values of bitcoin and gold were approximately $2 trillion and $29 trillion respectively, indicating that bitcoin would require a significant long-term rally to close the gap with gold [1] - Gold ETFs have recently outperformed funds like the CoinShares Valkyrie Bitcoin Fund (BRRR), leading some investors to favor traditional gold over digital gold [2] Bitcoin's Future Potential - Michael Saylor, CEO of Strategy (MSTR), predicts that by 2035, bitcoin could surpass gold in value, suggesting a potential 14-fold increase from current levels, which would greatly benefit investors in ETFs like BRRR [3][6] - Saylor's bullish outlook follows a correction in bitcoin prices and related assets since mid-October, with significant unwinding of leveraged positions in the crypto derivatives market [5] Investment Implications - If Saylor's prediction holds true, bitcoin would need to reach $1.4 million to exceed gold's market capitalization, representing a substantial increase. Even a scenario where bitcoin reaches half of gold's market value would still yield significant rewards for long-term BRRR investors [6] - Strategy has recently increased its bitcoin holdings by acquiring an additional 487 bitcoins, now owning 3% of the total circulating supply, demonstrating the company's commitment to the digital currency [7]

Bitcoin could hit a price of $1.2 million by the year 2030.Back in January 2022, Cathie Wood of Ark Invest first popularized the notion of Bitcoin (BTC 1.68%) soaring to a price of $1 million or higher by the year 2030. Since then, she's made several updates to that price target. Most recently, she updated that price target to $1.2 million.Given Bitcoin's current price of $103,000, a future price of $1.2 million represents a staggering return on investment of almost 1,100% within a relatively short period o ...

Ppl think this is a troll, it's not a trollThe fact that it sounds wild is why there's asymmetrical upsideBitcoin was digital gold, Zcash is a private swiss vaultThere will be more than just one internet SoV and it will be private10% of BTC is a good target long termAnsem (@blknoiz06):@0xTulipKing zec in 2025 is bitcoin in 2015 (im serious) ...

RT Digital Gold Talk (@DigitalGoldTalk)DigitalGoldTalk Monday RoundTable with Jared, Joel & Dappit https://t.co/N7VGUDHgDT ...

Cathie Wood: Stablecoin Adoption Has Lowered My Valuation of BitcoinCathie Wood, Founder and CEO of Ark Invest, discussed Bitcoin's prospects and the development trend of stablecoins on CNBC on November 6th. She stated that as stablecoins have rapidly seized the transactional role originally expected of Bitcoin in emerging markets, she has lowered the bullish target price of Bitcoin for 2030 by $300,000 from $1.5 million to $1.2 million, but emphasized that this does not change Bitcoin's "digital gold" attr ...

Core Insights - Bitcoin has recently fallen below the $100,000 mark for the first time in six months, leading to a shift in market sentiment among traders and predictors [1][4] - The price of Bitcoin has decreased nearly 20% from its all-time high of over $126,000, now trading at approximately $101,261 [2][4] - Predictions for Bitcoin reaching a new all-time high before the end of the year have turned bearish, with the odds of it not achieving this milestone rising to 66% [3] Market Dynamics - Analysts at Galaxy have revised their year-end price target for Bitcoin from $185,000 to $120,000, indicating a shift towards more gradual growth [4] - The recent market uncertainty and record-breaking crypto liquidations have contributed to the bearish sentiment among investors [2][4] - Technical analysis suggests that while bearish exhaustion may be waning, it is not sufficient for a strong breakout in Bitcoin's price [5] Investment Opportunities - Investors looking to hedge their bets on Bitcoin can earn around 33% based on current odds if Bitcoin does not reach a new all-time high this year [5] - Potential catalysts for Bitcoin's price recovery could include an end to the government shutdown or increased certainty regarding a December rate cut [5] Other Market Movements - Zcash holders have experienced less volatility compared to other cryptocurrencies, with a market inquiry regarding its price performance upcoming [6]

Core Viewpoint - JPMorgan analysts forecast Bitcoin (BTC) could reach $170,000 within the next six to 12 months, driven by recent market conditions and a comparison to gold [1][3]. Market Conditions - Recent deleveraging in crypto derivatives, particularly bitcoin perpetual futures, has stabilized the market, setting the stage for potential upside [2][6]. - The October and November selloffs were attributed to a wave of liquidations and a $120 million exploit, but the report suggests that this deleveraging is likely behind us [2]. Price Projection - The price projection of $170,000 is based on Bitcoin's positioning as "digital gold," with the current market cap of around $2.1 trillion needing to grow by two-thirds to match gold's $6.2 trillion investment exposure [3]. - Bitcoin is currently trading approximately $68,000 below the gold-based fair value benchmark [4]. Investor Behavior - Shifting investor behavior indicates that while retail investors are buying U.S. equities and gold, Bitcoin may become a preferred hedge against equity risk due to increasing gold volatility [5]. - Recent surges in gold purchases by central banks and retail buyers have occurred, but Bitcoin appears more attractive from a risk-adjusted perspective [5]. Liquidity and Market Support - JPMorgan downplayed concerns regarding tightening U.S. banking reserves affecting broader markets, noting that while bank liquidity is strained, broader money supply and non-bank liquidity are expanding, supporting risk assets like equities and crypto [6]. - The bank's projection is described as a mechanical exercise rather than based solely on sentiment or momentum [6].

Final question. Uh, Bitcoin down about 16% I think for the month now. Past month we're at what 102 now.103 something like that. Where do you think it where do you think we're going. I know you have you have big ambitions for Bitcoin.>> Yes, we do. Um, I will tell say one thing that has shifted for us in the last few years. Uh, stable coins are usurping part of the role that we thought uh, Bitcoin would play.So our bullish forecast out there is 1.5% million uh by 2030. Uh given what's happening to stable coi ...

🔥 INSIGHT: Bitcoin is infrastructure, not digital gold. https://t.co/iGOCuisd91 ...

RT Digital Gold Talk (@DigitalGoldTalk)@DigitalGoldTalk Monday Roundtable https://t.co/mGhb5misGP ...