While the Bitcoin craze continued, the CBOE Global Markets Inc company collapsed after explaining that the website would go to futures with digital money when the weekend ends.
Palihapitiya: $ 1 million road
Palihapitia, one of the first Bitcoin investors, said on Tuesday in the CNBC’s Squawk Box program, eventually the value of digital money would be $ 1 million per coin. A few years ago, Palihapitia and two unnamed, but well -known person in the Silicon Valley, said that the total Bitcoin has received almost 5 %. The logic of buying bitcoin from $ 100 was simple: there was little decrease when there was too much asymmetric rise.
However, after the value of Bitcoin increased over $ 15,000, Palihapitiya said that his view has not changed much and that there is still an asymmetric rise. Naturally, the decline is larger at this point, so Palihapitia advises investors to allocate 1 %of its net earnings to Bitcoin – even if it is an investor with $ 100 to set aside.
If we go down to his essence, the venture capitalist says that Bitcoin’s purpose has never changed at all. Bitcoin says that it is not “a real benefit” and is only a fantastic measure and storage that is opposed to autocratic regimes and bank infrastructures that are harmful to the proper work of the world.
In other words, Bitcoin says that it is one of the few tools that allows investors to invest with an infrastructure that provides these [central bank policies] decisions that the people are not fundamentally part of the public and a being that is not connected to humans.
Finally, the investor’s prediction of Bitcoin’s value includes: $ 100,000 in the next three or four years, and $ 1 million in the next 20 years.
Baruch: Gold on Bitcoin
Some investors argue that Bitcoin’s new gold is a new gold, and says there is no need for gold. However, according to Baruch’s recent CNBC’s “Trading Nation” section, investors are wrong.
In recent days, gold prices have lost 8 %of its value since September. However, since the beginning of the year, it gained 8 %and the summit value was 18 %higher.
“In the first week of the range, speculative buyers kept gold up to 20 times the deficiencies.” he said. “Last week, it fell below the 200 -day moving average and destroyed the buying position by 33 %.
