06-18 14:04 - 'Libra is the catalyst that will push Bitcoin above 250,000 USD for the next cycle' (self.Bitcoin) by /u/Aggravating_Square removed from /r/Bitcoin within 0-6min
''' I've been wondering all the time what could make an impact big enough to make BTC go 20x within the next cycle. The time horizon seems just too short for "mere" institutional investing. But think about this: The first bubble(s) was caused by enthusiasts, the outer fringe, people who could just be excited by the technological achievement and societal effects of Bitcoin. Then you have tech people and gamers (news about graphics cards mining and shortage) and fintech entrepreneurs during the 2017 ICO bubble. Who's still missing? The BROAD masses - facebook, instagram, youtube, mobile gamers. Why? Getting into crypto is still hella complicated for the average minded people with a 1 minute attention span. Don't expect regular people to get educated on Reddit and dedicated portals, let alone go through making an exchange account with all that KYC shit and on top of it pull off a successful trade from fiat to BTC. And now you have it - the next bubble: Suppose Libra starts in 2020, every person with a social media account automatically has a Libra account (apparently pseudonymous - so let's just pretend here 99% won't be blocked from exchanging their libra for BTC). Meanwhile BTC has gone to above 10,000 again. News start reporting again. Solutions to trade Libra for BTC via one-click will become available. Every person in their collective hivemind will be thinking: "Holy shit that thing's going up and I'm just here sitting on my measly semi-stable-coin. I'll put a little of it into BTC, you know, see what happens." Multiply that by 1 billion people. BTC acccelerating. Halving has passed, enter 2021. News start reporting BTC has now lowest inflation rate lower than gold. BTC at 120.000. Some FB privacy fuck up with Libra. News: "BTC market cap on its way to dethrone Gold, while trust in fiat money at shocking lows". Cue the biggest fomo Bitcoin has ever seen. End of 2021: "Bitcoin market cap now higher than gold". (Bubble cycle end.) ''' Libra is the catalyst that will push Bitcoin above 250,000 USD for the next cycle Go1dfish undelete link unreddit undelete link Author: Aggravating_Square
Bitcoin's rejection near $11,200 on Sept. 19 was followed by a four-day sell-off to $10,200. In other words, the cryptocurrency established a lower high (marked by a circle in the chart above) at ... Bitcoin's Catalyst for Next Bull Run: Institutional Interest Gaining Speed, Hitting New Highs. by AnTy. April 13, 2019. Home Bitcoin News Bitcoin (BTC) Price. Facebook. Twitter. Telegram. ReddIt. Linkedin. Email. The surge of 2017 in Bitcoin prices saw the first major step from institutions when CME and Cboe launched Bitcoin futures. Bitcoin’s lack of correlation to other assets make it a useful alternative asset that can help reduce exposure to economic cycles. Will Jim Cramer Be The Next Crypto Catalyst? While we will have to wait for Pomp’s podcast on Monday to see how he convinced Jim Cramer, having a mainstream cheerleader on Mad Money can only be good news for bulls. While many hardcore crypto supporters believe that massive rescue packages will undermine faith in the financial system and ultimately trigger the next Bitcoin bull market, Yoni Assia, founder and chief executive of social trading and investment platform eToro, is suggesting a different catalyst. More than that, it’s been also said that they will also be able to trigger the next Bitcoin bull market. On the other hand, Yoni Assia, who is the founder and chief exec of eToro is suggesting the fact that there’s another catalyst out here for the price of Bitcoin.
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