With talk of correction recently I wanted to change it up a bit and talk about the bull case for bitcoin and where that might end up landing us. *This article is for entertainment purposes only and is not financial advice. Do your own research before investing and understand the risks. AKA take responsibility for your own actions.

Now while my own personal opinion of this bull run is a max price of $114,000. It's what I've been saying for the last three years now and hasn't changed there are other factors now playing into this in particular Trump being elected which is suppose to be pro crypto. However, I'm not counting it in until the actions are made and a part of me already thinks a lot of this speculation is already priced in already.

Cathie Wood

Now Cathie on the other had has been very pro crypto and while she hasn't been wrong in her predictions she's now saying that bitcoin will reach 1.5 million each by 2030. That's just 6 years away and a full term for president trump.

Now while this could happen a lot of things do need to play in and I went over this a bit in a pervious article found here Why $114,000 is still my target

The big part of her prediction is regulatory relief on all fronts including the dreadful SEC. However again I'm going to say it, until I actully see it happening I wont believe it people say a lot of stuff and don't do it lol.

Her other point is it being looked at as a asset class. This should trigger institutional investing which we still haven't really seen take foot yet. But also on top of that you also could have more countries themselves buying the asset.

For me personally I have all miners fired up and running on as much renewable power as possible to get as much of a share of it as I can.

Country Push

The biggest factor is if countries actully start to accumulate the heck out of it. Right now there is a bill in the US congress to vote on buying 1 million bitcoin over the next 5 years.

Let that sink in for a moment because that's actully only 91 billion dollars at current values which is a drop in the bucket for a high GDP country like the USA who spent 820 billion on military in just a single year which is a drop in the bucket from the 6.1 trillion dollar budget it has.

So you can start to see how this massive accumulation is very possible at these levels it's still just a small term investment to mega wealthy countries.

It honestly feels like this should pass being that the majority of the house, congress and senate including the president are very pro crypto.

Solana

Now it's also speculated that Solana would be the next choice for the next ETF to hit the markets and we could see a lot more of this happening under a Trump presidency backed by primarily republicans.

With that being said there could be ahead of news jumps again in these types of altcoins that greatly out perform bitcoin. However all of this is speculative and risky. Just like how bitcoin was a risk at $100, $1,000 even $10,000 and is now worth $90,000!

Posted Using InLeo Alpha