Teeka Tiwari: Bitcoin Is About to Get Very Exciting Again
Right now, about 30–35 million people own crypto. PayPal alone will make bitcoin available to 325 million people. That’s nearly 10 times the current market for bitcoin.
Right now, about 30–35 million people own crypto. PayPal alone will make bitcoin available to 325 million people. That’s nearly 10 times the current market for bitcoin.
A minor change in the Bitcoin block size won’t move the needle much on transaction capacity. An enormous change would be needed. But doing that would cause some serious problems.
We believe every investor should allocate some of their portfolio to alternative assets – like bitcoin. So today, I’ll show you the evidence that smart money and smart people are heading into the crypto space – and why you should follow what they’re doing.
Since the May 2020 halving, bitcoin has generally traded between $9,000 and $10,000. From a technical perspective, when bitcoin breaks resistance… it’ll head back to $12,000–16,000 right away. After a brief period of consolidation, it’ll march to $20,000, probably sell off back to $16,000… and from there, it will head up into new all-time highs.
What we’re seeing in bitcoin today is similar to what I saw in 2016. After the 2016 halving, we saw a nice run-up in bitcoin – only to see it just drift along for months. The same thing is happening today.