🚀 Bernstein’s $200K Bitcoin Price Prediction is 'Conservative' for 2025!
Bernstein analysts are setting the bar high (or low? 🤔) for Bitcoin, predicting a conservative price of $200,000 by the end of 2025!
They urge skeptics to reconsider Bitcoin as a store of value, especially with the U.S. debt hitting a staggering $35 trillion and inflation threats looming. 💸
“If you like gold, you should love Bitcoin even more,” says Bernstein's Gautam Chhugani, adding that Bitcoin’s limited supply could be a major hedge in this uncertain world. 🌍💰
For those hesitant about buying BTC directly, they suggest alternatives like shares in MicroStrategy, Riot Platforms, and CleanSpark.
🚨 China is selling confiscated ETH! 🤑
The Chinese government just transferred 15,700 ETH ($37.68M) seized from PlusToken, with over 7,000 ETH headed to exchanges—likely for a big sell-off! 😱
And that's just a drop in the bucket: they still hold 542,000 ETH worth $1.3 billion. Looks like the market is about to get flooded with Ethereum!
Crypto traders: "Hold onto your wallets, an ETH storm is coming!" 🌊
The price of ether has fallen slightly over the past day - minus 1.7% 🥱
✅Cryptocurrencies look to offer several benefits over traditional money.
➡️These include:
➡️Speed: With cryptocurrencies, sending money – or value – across regions or continents happens in a few minutes.
This trumps traditional cash, which takes hours to days in some cases.
➡️Security: Cryptocurrencies run on blockchains, which are distributed and decentralized. Since they are not centralized, there’s no single point of failure.
This makes the blockchain harder to corrupt or hack.
➡️Censorship-resistant: Anyone can use cryptocurrencies. They offer users financial freedom. No government or central authority can censor or reverse a transaction once it’s completed
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