878: PANTERA CAPITAL CEO PREDICTS MASS ADOPTION WILL DRIVE BITCOIN UP TO $400K WITHIN NEXT THREE YEARS!!

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3.6 • 626 Ratings

🗓️ 20 March 2022

⏱️ 19 minutes

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Summary

The chief executive of a crypto focused hedge fund thinks mass adoption could drive the price of Bitcoin (BTC) up to $400,000 per coin in as little as three years. “Every two years, 10 times more people use cryptocurrency than they did in the past, and that’s been going on for a decade. Every two years, it’s 10 times more. And every two years, the price of crypto’s gone up 10x. And to my mind, it’s that simple that within the next 5-10 years, almost everyone with a smartphone will use cryptocurrencies, and if that’s true, they’re going to be at a much higher price.” Morehead also unveils the catalysts that he thinks will drive Bitcoin’s price to $400,000 by 2025. “I think it will actually be some number like that. All the use cases that are really rolling out and people are using it. Now institutional investors are really investing in the space, from taking it 10 or 20 basis points to maybe in 10 years, 8% of their portfolio.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:23.6	Enjoying a trip to the coast to catch up with friends.
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0:50.2	In today's show, billionaire Mike Novogratz rules out Bitcoin being used as a currency and reveals what will accelerate Bitcoin mass adoption, quoting him here from a new interview on CNBC.
1:00.3	I don't think it Bitcoin will be a currency. I think it'll be a store value. Ethereum is already trading like a currency, right? It's the currency of culture. When people buy NFTs, they say, how many? ETH does it cost? And as Matthew
1:12.7	Highland points out here, the weekly candle continues to look pretty damn good. For Bitcoin and rec capital shares,
1:18.7	Bitcoin monthly time frame continues to show a sustained series of higher lows. Let's go. And as Plan B shared
1:24.9	here in a recent Twitter poll, Bitcoin will we ever see 40,000 again?
1:30.3	And 33% said no, while 66% said we will see another dip below 40,000 again, in which Plan B responded with this massive Bitcoin title wave.
1:40.2	Now, breaking news just then, PayPal co-founder Peter Thiel said that his biggest mistake during the last 10 years was getting too late and too little into Bitcoin.
1:49.0	And quoting Max Kaiser here regarding this article of Bloomberg saying sub-300,000-dollar earners should eat more lentils instead and prepare for no fun.
1:57.2	He says America is an idea, not a place.
	...

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