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Serial strategist Tommy Lee has added to finance experts predicting sky-high Bitcoin prices of $25,000 or more.📈
🗣In an interview with Business Insider, Lee, who is already known for his bullish stance on Bitcoin versus Wall Street, repeated common speculation that capturing the power of gold is key.
🗣Five percent of gold’s market cap, his research suggests, would give rise to a “conservative” estimate of $25,000 per coin.
🗣Five percent rule too conservative:
“It's a very — it's actually the most conservative collection of elements to get to the five percent. Because number one, we assume that gold only appreciates essentially a nominal GDP. So there's no inflation,” he told host Sarah Silverstein.
🗣The five percent figure has frequently surfaced from sources throughout the cryptocurrency industry. Lee, however, thinks the potential for considerably higher prices is “easy.”
🗣“The five percent number really reflects the assumption that investors will allocate in their blended portfolio only five percent to alternative currencies,” he continued.
🗣“Today, that allocation is much greater, it's closer to 10 percent❗️ or 15 percent❗️ in some portfolios. So, at a five percent allocation it would value Bitcoin at $25,000. You could easily get to $100,000, $200,000‼️ numbers.”
23 Oktober 2017
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