“Everyone should put 2% to 3% of their net worth in Bitcoin,” says billionaire former hedge fund manager, Mike Novogratz. 2-3 percent may seem rather tame, as investors that are seeking high rewards can invest more than a few percentages into cryptocurrencies. Despite Bitcoin being in the news for its new highs and support from individuals and massive companies alike, this Bitcoin rally has been a lot quieter than 2017, but Novogratz believes there is evidence supporting Bitcoin prices are better than ever.
One gold industry insider believes Bitcoin could increase 30x. “In the next five years, I can see gold at $4,000, so that’s double. But if gold is at $4,000, Bitcoin is probably somewhere between $300,000 and $500,000, so that’s a 20, 30x,” says Gold Bullion International co-founder, Dan Tapiero. “There is no question that Bitcoin is going to outperform gold,” he stated.
Could Bitcoin reach $100,000 next?
There are many crypto experts with Bitcoin price predictions and some expect it to surge to over $100k by the end of 2021, including popular investors Anthony Pompliano and Mark Yusko
The bull run in 2017 was primarily driven by retail investors, but this time it may be driven mainly by institutional support. Corporations such as PayPal, Square, MicroStrategy, and The People’s Bank of China are getting involved in the cryptocurrency revolution. This could just be the beginning of a far greater cryptocurrency rally as crypto has been consistently earning more recognition and adoption.
Consider setting up a cryptocurrency IRA or 401k to add crypto to your retirement account today.
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