683: ONE BITCOIN MAY BE WORTH $1 BILLION - HERE'S WHEN, SAYS FIDELITY DIRECTOR OF GLOBAL MACRO!!!!!

Bitcoin News Alerts | Daily BTC News

Justin Verrengia

Investing, Education, News, Business, Tech News

3.6 • 626 Ratings

🗓️ 3 September 2021

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jurrien Timmer, Director of Global Macro at Fidelity forecasts Bitcoin to reach $1 billion per BTC in two decades from now, shortly after an earlier $100 million BTC price prediction for 2035. Timmer backed up his assertion with a 4-hour BTC/USD chart that combined the stock-to-flow model with his demand model. In Timmer’s words: For complete show notes and for the full premium experience with video, visit our YouTube channel at http://CryptoNewsAlerts.net Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	There are days when you're hungry for McDonald's.
0:03.8	Then there are days when you're Big Arch hungry for McDonald's.
0:08.1	You'll get to know the difference.
0:09.9	New Big Arch for Big McDonald's hunger.
0:15.4	Until 9th of September from 11 a.m.,
0:17.8	participating restaurants only subject to availability.
0:20.2	In today's show, Bitcoin Price dips the test, $48,000 springboard for potential new Bitcoin
0:25.4	Bull Run.
0:26.2	We just surpass 50 Gs this morning.
0:28.2	Once again, in today's show, I'll be breaking down the latest technical analysis,
0:31.4	including from Cryptoanalyst Rec Capital and VJ.
0:34.9	Also in today's show, Breaking News, Shop.com, now accepts Bitcoin payments after a recent
0:39.8	partnership with BitPay. That's right. The e-commerce portal is now offering the option to pay
0:44.3	with Bitcoin, Ether, Dogecoin, as well as other major dollar peg stable coins. Also in today's
0:49.9	show, Bitcoin Bull Run sparks $180,000 Bitcoin price prediction ahead of institutional fireworks.
0:56.2	As pointed out right here by Pentoshi, he says after we break 50K, 58 to 60,000 to follow.
1:02.7	And above those highs, 3X seems reasonable, which is around 180,000 per BTC.
1:07.6	And he also says we're on the verge of breaking out into that last range.
1:11.5	And as Mike Alfred shares, a lot of large and important institutions bought Bitcoin over the summer. They will announce
1:15.7	their purchases between September 7th and November 19th, enjoy the fireworks. And Dan Hell is predicting
1:21.0	a $475,000 Bitcoin price once Bitcoin flips gold. And Max Kaiser is sticking with his $220,000 year end. Price prediction. And as
1:29.7	pointed out here, Bitcoin returns over the last 10 years, 5702,000 plus percent. Not too shabier. And last
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