1023: Top Strategist at $1.3 Billion Crypto Fund Says Bitcoin Can Explode 2,273% - Here’s When!

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3.6 • 626 Ratings

🗓️ 20 August 2022

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

The chief investment officer of crypto asset manager Bitwise Investments is unveiling his massive price target for Bitcoin despite the ongoing bear market. In a new Stansberry Research interview, Bitwise executive Matt Hougan says that Bitcoin could rally by over 2,273% from its current price of $21,062 as he believes BTC will come close to gold’s market capitalization of more than $11 trillion. “I think it’s perfectly rational to believe that Bitcoin could trade to half a million dollars over time. The way I picked that number out of the hat is if Bitcoin held as much wealth as is held in gold, it would be about half a million dollars a Bitcoin.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	In today's show, I'm going to be sharing with you the three reasons why Bitcoin has dropped to 21,000, and the market-wide sell-off could be worse than you think,
0:07.9	quitting Matthew Highland, if 20,700 doesn't hold for Bitcoin, probably looking at going to 19,000 again, and quitting Charles Edwards,
0:15.5	hash-ribbon buy signal, the Bitcoin minor capitulation has officially ended today, making it the third longest capitulation in history at 71 days.
0:23.8	This capitulation zone was longer than 2021 and just two days shorter than 2018's, where the price touched $3,100, including crypto analysts Gert Van Lagan on the Bitcoin one day.
0:35.1	Time for a blowoff wave to $100,000 plus.
0:38.9	Invalidation dropped below $17,500. And check this out, the Bitcoin network settled over $62 trillion with the Bitcoin
0:45.7	in the last 12 months. That's over five times the market cap of gold. Also in today's show,
0:51.4	crypto trader who predicted the Bitcoin collapse this year issues a fresh new Bitcoin warning.
0:56.5	Quitting crypto capo and he tested 23,500 as resistance is a good sell opportunity.
1:02.0	Consolidation below 22,500 would be very bearish and equal 21,000 or lower.
1:07.3	New lows are just a matter of time.
1:09.4	Also in today's show, it's time to go shopping, says the
1:11.9	ex-bitMex CEO Arthur Hayes after the crash. If the merge is successful, traders will buy
1:16.8	eth today, knowing that the higher the price goes, the more the network will be used, and the more
1:21.2	deflationary it will become driving the price higher, causing the network to be used more,
1:26.3	and so on and so forth. This is a virtuous
1:28.9	circle for the Bulls. Also in today's show, $300,000 Bitcoin price in the next six years,
1:34.9	says Donald Trump's former comms director. That's right. We're talking about Anthony Scaramucci of
1:39.7	Skybridge Capital, quoting him here in the next six years, if we are right, if Bitcoin goes to
1:44.1	300,000 a coin, it will not matter whether you bought it at $20,000 or $60,000. Also in today's show,
1:50.9	top crypto strategist at $1.3 billion crypto fund says Bitcoin can explode over 2,200% and shares
1:57.7	his timeline. That's right. In a new Stansberry research interview, Bitwise
	...

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