meta_pixel
Tapesearch Logo
Log in
Bitcoin News Alerts | Daily BTC News

1067: Bitcoin to Surpass $12 Million by 2031 Fueled by Collapsing Dollar, Says Ex-Hedge Fund Manager!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 7 October 2022

⏱️ 51 minutes

🧾️ Download transcript

Summary

Robert Breedlove, the founder of crypto investment firm Parallax Digital has suggested that Bitcoin (BTC) stands a big chance of recording a significant spike in future mainly driven by a drop in the purchasing power of the dollar.  According to Breedlove, his model places Bitcoin to trade at $12.5 million by 2031, a value equivalent to $1 million based on today’s purchasing power, he said during an appearance on Altcoin Daily podcast on September 13. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

So in today's show, we're going to be discussing why the crypto market is down right now.

0:03.8

We drop literally like over $1,000 in a matter of hours, and we have increased Bitcoin volatility

0:10.6

because of the jobs data exceeding expectations. We have El Salvador president on Bitcoin.

0:17.5

He says if El Salvador succeeds, many countries are to follow.

0:22.5

Also, back in 2011, Bitcoin fell to a low of 20 bucks.

0:26.1

2015, four years later, 10x, $200 low.

0:30.3

2017, $2,000 low.

0:33.0

Again, a factor of 10x every time for the low.

0:35.7

And in 2022, we naturally fell below 20,000, hitting a low

0:39.8

of 17,500. But as you can see, if history rhymes in the next two to five years, we can

0:46.9

potentially see a 10x Bitcoin floor of $200,000, which would be exciting is all heck to see.

0:53.6

And plan B, I'll be sharing the latest updates regarding stock to flow model,

0:57.7

the halving cycle, which is very relevant and very important, especially at this stage

1:03.8

in the market, of course, the next halving set to occur in 2024.

1:08.9

The year following the halving is when we go absolutely parabolic,

1:13.0

and that's when things get very, very exciting. So also, we're going to be discussing Bitcoin

1:19.1

and gold facing headwinds amid strengthening dollar, of course, as well as FTX and Visa,

1:26.8

major partnership to permit crypto payments in 40 countries.

1:31.4

This is the reason FTX token has been pumping today.

1:35.4

I'll be breaking all this down for you.

1:37.0

I mean, that's great for crypto adoption.

1:38.8

Also, I'll be sharing the latest regarding the SEC and XRP lawsuit with Ripples labs. So you can see what's going on

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Bitcoin News Alerts, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Bitcoin News Alerts and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.