Bitcoin predicted to go to $400,000!

Goldman Sachs came out with a BTC prediction price target of $400,000. Before you get your eyes rolling the bank gave some good points to their prediction.

From chart technical analysis the top that occurred in 2011, 2014, and 2017 all occur at a specific upper trend line. If the current BTC bull run was to make the same target trend line it will need to touch around $400k.

Then thare is institution adoption such as Morgan Stanley and Fidelity soon to provide funds for clients to invest in that is related to BTC.

Even FED chair Powell is giving BTC some positive outlook:

likened Bitcoin to a "substitute" for gold, to Schiff's displeasure, but added that it did not pose a risk to the dollar or to financial stability.

Source Article

Goldman was not the first or last to mention BTC potential to $400k. Back late last year, Dec 2020, billionaire Scott Minerd was also expressing openly his prediction BTC would climb to $400k.

Coin’s scarcity, Fed ‘money printing’ cited as bullish factors

were Minerd's primary reasons for BTC to rocket higher.

Article Source

None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!

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