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RE: Crypto Becoming Part Of Mainstream Finance

in LeoFinance4 years ago

That's the great thing about Bitcoin right now, the high level investors are still not touching it. I don't think you'll see the really "big" players come in until it firmly establishes itself at maybe half of gold. $5 Trillionish. And like I said, establishes itself there. Not go parabolic and dump. I'm talking like maintaining that level for a few months. Even years. The saying is that people buy bitcoin where they deserve to buy bitcoin. Those entities will be perfectly happy buying it at those levels if they feel it has truly established itself as an asset class that will be around for the long term.

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That is a 5x from here. Still a pretty big run based upon your forecast.

And there are bigger runs in a lot of other tokens.

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Yes, but none of them are Bitcoin. The really big money is still way on the sidelines in my opinion. Bitcoin is the only crypto they will probably ever buy. And it's going to be quite some time yet before they even consider dipping in. I'm posting a two-part article tomorrow and Saturday about why I think this. You may not agree with me because you can see the bigger picture better than I can, but I think we're still quite a ways away from any other cryptos being viable competitors of Bitcoin.

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