Could Bitcoin really hit $200k? | Source: Image created with Gemini Key Takeaways Famed crypto investor Mike Alfred said he is highly bullish on Bitcoin. Alfred believes metrics like Bitcoin per share and MNAV are misleading. Analysts caution that the broader crypto market may be entering a long-term bear phase. Bitcoin’s price could climb to $150,000–$200,000, according to investor Mike Alfred, who said the “digital gold” remains the strongest long-term asset in global markets. In a new podcast, ...

Cryptocurrency Analysis - Bitcoin is near digital gold but lacks fungibility [1] - Unlike gold, Bitcoin's history affects its value [1] - Privacy is needed to make Bitcoin fungible like gold [1] - Zcash is mentioned as a potential solution for Bitcoin privacy [1]

Digital Asset Management - Zashi App 提供在互联网瑞士金库中持有私人数字黄金的方案 [1] - 用户可以根据需要在几秒钟内将数字黄金兑换成任何链/资产 [1] - Zashi App 旨在实现行星规模的私人互联网黄金支持货币 [1] Technology & Platform - Zashi App 的成功归功于 NEAR 协议的支持 [1]

Cryptocurrency Characteristics - Bitcoin is considered almost digital gold but lacks fungibility [1] - Unlike gold, Bitcoin's history can affect its value, hindering its fungibility [1] - Privacy is needed to make Bitcoin fungible like gold [1] Market & Economic Perspective - In 1971, money transitioned from a gold-backed system to a fiat system [1] - Cryptocurrency aims to replace fiat money with a free-market system [1] - Market systems are competitive, and new cryptocurrencies will emerge [2]

-> state-controlled money-> state-tracked money-> state-free moneythere is no freedom without privacymert | helius.dev (@0xMert_):first, money was goldthen, the state replaced it with paperafter, satoshi created digital gold, bitcointhis was a big improvement, but it was missing a core trait of real goldfungibilitya core property of gold is that it's fungible; you can interchange it with other https://t.co/joD0V1I4zR ...

first, money was goldthen, the state replaced it with paperafter, satoshi created digital gold, bitcointhis was a big improvement, but it was missing a core trait of real goldfungibilitya core property of gold is that it's fungible; you can interchange it with other goldbut once you add serial numbers and tracking, you can diminish the value and cancel it based on its historyin other words, without privacy, you can not get fungibility, and hence you can't fully replicate gold money at internet-scalethis was ...

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]

Core Viewpoint - Bitcoin is projected to reach a price of $1.2 million by 2030, representing a potential return on investment of nearly 1,100% from its current price of $103,000 [1][2]. Institutional Adoption - The rapid rate of institutional adoption is a significant driver for Bitcoin's price increase, with banks and financial institutions increasingly embracing Bitcoin [2][4]. Market Dynamics - Bitcoin's current market cap stands at $2.055 trillion, with a day's trading range between $100,992 and $105,257 [3]. - The total market cap of gold is approximately $28 trillion, suggesting that Bitcoin could be valued at around $14 trillion if it captures 50% of gold's market cap in a bullish scenario [7]. Bitcoin as Digital Gold - Bitcoin is increasingly viewed as a store of value, akin to gold, especially among investors concerned about inflation [6][7]. - The argument that Bitcoin is digital gold is debated, as its price movements do not consistently align with those of physical gold [8]. Impact of Stablecoins - The price target for Bitcoin has been adjusted down from $1.5 million to $1.2 million due to the rise of stablecoins, which are taking over some of Bitcoin's traditional roles in payments and transactions [9][10]. Long-term Outlook - Despite the volatility in Bitcoin's price history, there is a growing consensus among various stakeholders that Bitcoin could reach $1 million soon [11][12]. - Investors are encouraged to adopt a long-term perspective when considering Bitcoin, as it has historically outperformed other major asset classes over extended periods [13].

Cryptocurrency Market Perspective - Zcash is positioned as a private Swiss vault, contrasting Bitcoin as digital gold [1] - The industry anticipates multiple internet Stores of Value (SoV), with privacy being a key feature [1] - A target allocation of 10% in Bitcoin (BTC) is considered a sound long-term strategy [1] Zcash Potential - Ansem suggests Zcash in 2025 will mirror Bitcoin's position in 2015, indicating significant growth potential [1] - The asymmetrical upside suggests a potentially large return relative to the risk [1]

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