674: BITCOIN TERMINAL VALUE IS REALLY $700K PER BTC, SAYS PANTERA CAPITAL CEO!!!!!

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3.6 • 626 Ratings

🗓️ 25 August 2021

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Early Bitcoin investor crunched the numbers on BTC, and says it's looking mighty undervalued at the moment. "We did a study showing the number of people using Bitcoin over the years and price of Bitcoin. Both of those data series went up by an order of magnitude every two years. If that kept going, that would put BTC at $700K when everybody with a smartphone uses it. For complete show notes and for the full premium experience with video, visit our YT channel at http://CryptoNewsAlerts.net Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The five-pound meal deal from McDonald's.
0:02.7	Get a cheeseburger or mayo chicken, medium fries, four McNuggets, and a medium soft drink for guess what?
0:08.4	That's right, five pounds.
0:11.3	It's not called the five-pound meal deal for nothing.
0:14.8	From 11 a.m.
0:15.8	Not available on delivery.
0:16.8	Carbonated soft drink upgrade fees apply.
0:18.3	Participating restaurants, subjects of availability.
0:19.8	In today's show, Bitcoin loses $48,000 as analysts I. The next zones for potential Bitcoin price bounce as crypto analysts Mikal Vendapap shares here. At this stage, $51,000 is a critical resistant zone. The area to watch for potential support can be found around $,500 to 44,000. Also, a new record
0:39.6	milestone has been set. 188 billion in Bitcoin was transferred on the Bitcoin network just yesterday.
0:45.8	And as Max Kaiser shares, Bitcoin and only BTC separates money from state. This was never possible
0:51.4	before. We're seeing what this means in real time. He also shares the new global
0:55.6	superpowers in regards to crypto adoption. You can see Nigeria leading the pack at 32% with the U.S.
1:01.1	trailing at only 6%. And this just in breaking news. Blackstream raised $210 million in a series B round that values the
1:09.1	Bitcoin tech firm at $3.2 billion. and this will fund the expansion into ASIC manufacturing. Also in today's show, Bitcoin hash rate triple since June 28th and recovery from China syndrome. That's right, as pointed out here, Bitcoin hash rate recovered 67% of its earlier exodus. Also in today's show, breaking news. Microstrategy
1:28.6	splashes $177 million on Bitcoin and now holds almost 109,000 BTC. That's right, as Michael
1:36.2	Saylor announced right here as of August 23rd, we now hodle 108,922 Bitcoins, acquired for
1:42.5	$2.9 dollars at an average price
1:44.8	of 26,769,000 per BTC, not too shabby of a dollar cost average, right? Also in today's show,
1:52.4	Bitcoin's terminal value is really $700,000 according to this crypto investor. That's right,
1:57.8	this early investor has crunched the numbers on Bitcoin and thinks it's
2:00.9	looking mighty undervalued at the moment. We're talking about Dan Moorhead of Pantara Capital,
	...

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