If Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop

investorplace2021-09-24

Everyone loves to throw out long-term price targets on Bitcoin. ARK Invest fund manager Cathie Wood last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

Hsc
2021-09-27
Hsc
Wow
HengHuat
2021-09-26
HengHuat
Bitcoin is manipulate by investors. Still riskier than gold
- kuppi:
  like the comment
Samuel123win
2021-09-25
Samuel123win
Go go go
MIe
2021-09-24
MIe
Buy Gbtc on dip #
MIe
2021-09-24
MIe
Good opportunity buy dip #
CCCH
2021-09-24
CCCH
Wait long long

发表看法

314

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/1199759162?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-09-24 11:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1199759162","market":"us","top_or_hot":-1,"title":"If Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop","media":"investorplace","content":"<div>\nEveryone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next ...\n\n<a href=\"https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/\">网页链接</a>\n\n</div>\n","source":"lsy1606302653667","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>If Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIf Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-24 11:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/>investorplace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nEveryone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next ...\n\n<a href=\"https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COIN","symbol_name":"Coinbase Global, Inc.","start_time":0,"source_url":"https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/","article_id":"1199759162","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1199759162","pubTimestamp":1632454663,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Everyone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood ","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"COIN":"Coinbase Global, Inc."},"translate_title":"如果比特币真的是数字黄金，那么50万美元就是下一站","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":0.9},"content_text":"Everyone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next several years. Tyler Winklevoss of Facebook fame and big crypto enthusiast has also pounded on the table about a $500,000 long-term price target for Bitcoin.\nMeanwhile, the relatively conservative analyst team over at JPMorgan has set a theoretical long-term price target for BTC of $130,000. A leaked Citibank report shows that the analysts over there think that the price could climb toward $300,000. Billionaire Tim Draper has gone on record multiple times saying Bitcoin prices will eclipse $250,000 by the end of 2022.\nAnd, in the most bullish call of them all, Anthony Pompliano– co-founder and partner at Morgan Creek Digital Assets – has said Bitcoin prices could soar to $1 million per token in the long run.\nBig numbers. Yes. But can Bitcoin really soar toward $200,000? $300,000? Even $500,000 or higher in the long run?\nOur short answer:Yes.\nAnd the reasoning is pretty simple. Bitcoin is the digital version of gold. The gold market is an $11 trillion market. If Bitcoin gets that big, you’re talking an $11 trillion market on 21 million tokens, which implies a price per token of about $500,000.\nThat’s the back-of-the-envelope reasoning and math behind the $500,000 price target.\nOf course, that model rests on some major assumptions. One, Bitcoin is the digital version of gold, and two, the Bitcoin market will be as big as the gold market.\nWe think both are fair assumptions.\nThe modern value of gold derives from scarcity. Sure, maybe once upon a time, gold was used to barter for goods or used to make swords and shields. Not too long ago, it was used in some semiconductor chips.\nBut those days are gone. Today, gold is used for nothing. Its value is in the fact that it has finite supply and, therefore, is a good store of value.\nThe same is true for Bitcoin. In fact, it’s even more true for Bitcoin. There are, by definition, only 21 million Bitcoins in the world. There will never be more than that. Meanwhile, in the gold market, more gold mining efforts can always be put online to increase supply as demand increases.\nIn other words, Bitcoin has more scarcity than gold and, therefore, isn’t just the digital version of gold – it is a digital and superior version of gold.\nMeanwhile, Bitcoin is digital, while gold is physical, and the whole world is pivoting toward digitization these days. Media is digital. Shopping is digital. Entertainment is digital. Communications are digital. Work is digital. Health is digital. Everything is digital.\nIn that world, money will inevitably become digital, too. Indeed, that’s already happening. Venmo. Cash App. PayPal. SoFi. All of these digital money apps are soaring in usage right now, while the volume of cash transactions is plummeting.\nTherefore, Bitcoin is gold made for the modern world. You can’t send gold through a social media platform, or a streaming service, or use it buy a good online. But you can use Bitcoin for that.\nTo that extent, it’s easy to see why folks will ditch their physical store of value (gold) for a digital store of value (Bitcoin) – and why the Bitcoin market will become as big as (if not bigger than) the gold market.\nAll in all, we think the fundamental reasoning underlying the Bitcoin market supports that Bitcoin prices will trend towards $500,000 in the long run.\nHow long will it take to get there? No one really knows. Our best guess is about 10 years – and if so, you’re talking about an asset that will increase 10X in value in 10 years.\nThat’s an amazing return.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":868495604,"gmtCreate":1632697421008,"gmtModify":1632798585947,"author":{"id":"3581394154076658","authorId":"3581394154076658","name":"Hsc","avatar":"https://static.tigerbbs.com/43be312bb9a7937890db2b30b590158c","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3581394154076658","idStr":"3581394154076658"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/868495604","repostId":1199759162,"repostType":4,"repost":{"id":"1199759162","pubTimestamp":1632454663,"share":"https://www.laohu8.com/m/news/1199759162?lang=&edition=full","pubTime":"2021-09-24 11:37","market":"us","language":"en","title":"If Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop","url":"https://stock-news.laohu8.com/highlight/detail?id=1199759162","media":"investorplace","summary":"Everyone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood ","content":"Everyone loves to throw out long-term price targets on&nbsp;Bitcoin.\nARK Invest fund manager&nbsp;Cathie Wood&nbsp;last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next several years.&nbsp;Tyler Winklevoss&nbsp;of Facebook fame and big crypto enthusiast has also pounded on the table about a $500,000 long-term price target for Bitcoin.\nMeanwhile, the relatively conservative analyst team over at&nbsp;JPMorgan&nbsp;has set a theoretical long-term price target for BTC of $130,000. A leaked&nbsp;Citibank&nbsp;report shows that the analysts over there think that the price could climb toward $300,000. Billionaire&nbsp;Tim Draper&nbsp;has gone on record multiple times saying Bitcoin prices will eclipse $250,000 by the end of 2022.\nAnd, in the most bullish call of them all,&nbsp;Anthony Pompliano– co-founder and partner at Morgan Creek Digital Assets – has said Bitcoin prices could soar to $1 million per token in the long run.\nBig numbers. Yes. But can Bitcoin really soar toward $200,000? $300,000? Even $500,000 or higher in the long run?\nOur short answer:Yes.\nAnd the reasoning is pretty simple. Bitcoin is the digital version of gold. The gold market is an $11 trillion market. If Bitcoin gets that big, you’re talking an $11 trillion market on 21 million tokens, which implies a price per token of about $500,000.\nThat’s the back-of-the-envelope reasoning and math behind the $500,000 price target.\nOf course, that model rests on some major assumptions. One, Bitcoin is the digital version of gold, and two, the Bitcoin market will be as big as the gold market.\nWe think both are fair assumptions.\nThe modern value of gold derives from&nbsp;scarcity. Sure, maybe once upon a time, gold was used to barter for goods or used to make swords and shields. Not too long ago, it was used in some semiconductor chips.\nBut those days are gone. Today, gold is used for nothing. Its value is in the fact that it has finite supply and, therefore, is a good store of value.\nThe same is true for Bitcoin. In fact, it’s even more true for Bitcoin. There are, by definition, only 21 million Bitcoins in the world. There will never be more than that. Meanwhile, in the gold market, more gold mining efforts can always be put online to increase supply as demand increases.\nIn other words, Bitcoin has more scarcity than gold and, therefore, isn’t just the digital version of gold – it is a digital and superior version of gold.\nMeanwhile, Bitcoin is&nbsp;digital, while gold is&nbsp;physical, and the whole world is pivoting toward digitization these days. Media is digital. Shopping is digital. Entertainment is digital. Communications are digital. Work is digital. Health is digital. Everything is digital.\nIn that world, money will inevitably become digital, too. Indeed, that’s already happening. Venmo. Cash App. PayPal. SoFi. All of these digital money apps are soaring in usage right now, while the volume of cash transactions is plummeting.\nTherefore, Bitcoin is gold made for the modern world. You can’t send gold through a social media platform, or a streaming service, or use it buy a good online.&nbsp;But you can use Bitcoin for that.\nTo that extent, it’s easy to see why folks will ditch their physical store of value (gold) for a digital store of value (Bitcoin) – and why the Bitcoin market will become as big as (if not bigger than) the gold market.\nAll in all, we think the fundamental reasoning underlying the Bitcoin market supports that Bitcoin prices will trend towards $500,000 in the long run.\nHow long will it take to get there? No one really knows. Our best guess is about 10 years – and if so, you’re talking about an asset that will increase 10X in value in 10 years.\nThat’s an&nbsp;amazing&nbsp;return.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>If Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIf Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-24 11:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/>investorplace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nEveryone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next ...\n\n<a href=\"https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199759162","content_text":"Everyone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next several years. Tyler Winklevoss of Facebook fame and big crypto enthusiast has also pounded on the table about a $500,000 long-term price target for Bitcoin.\nMeanwhile, the relatively conservative analyst team over at JPMorgan has set a theoretical long-term price target for BTC of $130,000. A leaked Citibank report shows that the analysts over there think that the price could climb toward $300,000. Billionaire Tim Draper has gone on record multiple times saying Bitcoin prices will eclipse $250,000 by the end of 2022.\nAnd, in the most bullish call of them all, Anthony Pompliano– co-founder and partner at Morgan Creek Digital Assets – has said Bitcoin prices could soar to $1 million per token in the long run.\nBig numbers. Yes. But can Bitcoin really soar toward $200,000? $300,000? Even $500,000 or higher in the long run?\nOur short answer:Yes.\nAnd the reasoning is pretty simple. Bitcoin is the digital version of gold. The gold market is an $11 trillion market. If Bitcoin gets that big, you’re talking an $11 trillion market on 21 million tokens, which implies a price per token of about $500,000.\nThat’s the back-of-the-envelope reasoning and math behind the $500,000 price target.\nOf course, that model rests on some major assumptions. One, Bitcoin is the digital version of gold, and two, the Bitcoin market will be as big as the gold market.\nWe think both are fair assumptions.\nThe modern value of gold derives from scarcity. Sure, maybe once upon a time, gold was used to barter for goods or used to make swords and shields. Not too long ago, it was used in some semiconductor chips.\nBut those days are gone. Today, gold is used for nothing. Its value is in the fact that it has finite supply and, therefore, is a good store of value.\nThe same is true for Bitcoin. In fact, it’s even more true for Bitcoin. There are, by definition, only 21 million Bitcoins in the world. There will never be more than that. Meanwhile, in the gold market, more gold mining efforts can always be put online to increase supply as demand increases.\nIn other words, Bitcoin has more scarcity than gold and, therefore, isn’t just the digital version of gold – it is a digital and superior version of gold.\nMeanwhile, Bitcoin is digital, while gold is physical, and the whole world is pivoting toward digitization these days. Media is digital. Shopping is digital. Entertainment is digital. Communications are digital. Work is digital. Health is digital. Everything is digital.\nIn that world, money will inevitably become digital, too. Indeed, that’s already happening. Venmo. Cash App. PayPal. SoFi. All of these digital money apps are soaring in usage right now, while the volume of cash transactions is plummeting.\nTherefore, Bitcoin is gold made for the modern world. You can’t send gold through a social media platform, or a streaming service, or use it buy a good online. But you can use Bitcoin for that.\nTo that extent, it’s easy to see why folks will ditch their physical store of value (gold) for a digital store of value (Bitcoin) – and why the Bitcoin market will become as big as (if not bigger than) the gold market.\nAll in all, we think the fundamental reasoning underlying the Bitcoin market supports that Bitcoin prices will trend towards $500,000 in the long run.\nHow long will it take to get there? No one really knows. Our best guess is about 10 years – and if so, you’re talking about an asset that will increase 10X in value in 10 years.\nThat’s an amazing return.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":868193620,"gmtCreate":1632617566260,"gmtModify":1632652273400,"author":{"id":"4089527924629590","authorId":"4089527924629590","name":"HengHuat","avatar":"https://static.tigerbbs.com/5854d1323f59ffe9e66dca6d58fd6af8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4089527924629590","idStr":"4089527924629590"},"htmlText":"Bitcoin is manipulate by investors. Still riskier than gold","listText":"Bitcoin is manipulate by investors. Still riskier than gold","text":"Bitcoin is manipulate by investors. Still riskier than gold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/868193620","repostId":1199759162,"repostType":4,"repost":{"id":"1199759162","pubTimestamp":1632454663,"share":"https://www.laohu8.com/m/news/1199759162?lang=&edition=full","pubTime":"2021-09-24 11:37","market":"us","language":"en","title":"If Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop","url":"https://stock-news.laohu8.com/highlight/detail?id=1199759162","media":"investorplace","summary":"Everyone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood ","content":"Everyone loves to throw out long-term price targets on&nbsp;Bitcoin.\nARK Invest fund manager&nbsp;Cathie Wood&nbsp;last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next several years.&nbsp;Tyler Winklevoss&nbsp;of Facebook fame and big crypto enthusiast has also pounded on the table about a $500,000 long-term price target for Bitcoin.\nMeanwhile, the relatively conservative analyst team over at&nbsp;JPMorgan&nbsp;has set a theoretical long-term price target for BTC of $130,000. A leaked&nbsp;Citibank&nbsp;report shows that the analysts over there think that the price could climb toward $300,000. Billionaire&nbsp;Tim Draper&nbsp;has gone on record multiple times saying Bitcoin prices will eclipse $250,000 by the end of 2022.\nAnd, in the most bullish call of them all,&nbsp;Anthony Pompliano– co-founder and partner at Morgan Creek Digital Assets – has said Bitcoin prices could soar to $1 million per token in the long run.\nBig numbers. Yes. But can Bitcoin really soar toward $200,000? $300,000? Even $500,000 or higher in the long run?\nOur short answer:Yes.\nAnd the reasoning is pretty simple. Bitcoin is the digital version of gold. The gold market is an $11 trillion market. If Bitcoin gets that big, you’re talking an $11 trillion market on 21 million tokens, which implies a price per token of about $500,000.\nThat’s the back-of-the-envelope reasoning and math behind the $500,000 price target.\nOf course, that model rests on some major assumptions. One, Bitcoin is the digital version of gold, and two, the Bitcoin market will be as big as the gold market.\nWe think both are fair assumptions.\nThe modern value of gold derives from&nbsp;scarcity. Sure, maybe once upon a time, gold was used to barter for goods or used to make swords and shields. Not too long ago, it was used in some semiconductor chips.\nBut those days are gone. Today, gold is used for nothing. Its value is in the fact that it has finite supply and, therefore, is a good store of value.\nThe same is true for Bitcoin. In fact, it’s even more true for Bitcoin. There are, by definition, only 21 million Bitcoins in the world. There will never be more than that. Meanwhile, in the gold market, more gold mining efforts can always be put online to increase supply as demand increases.\nIn other words, Bitcoin has more scarcity than gold and, therefore, isn’t just the digital version of gold – it is a digital and superior version of gold.\nMeanwhile, Bitcoin is&nbsp;digital, while gold is&nbsp;physical, and the whole world is pivoting toward digitization these days. Media is digital. Shopping is digital. Entertainment is digital. Communications are digital. Work is digital. Health is digital. Everything is digital.\nIn that world, money will inevitably become digital, too. Indeed, that’s already happening. Venmo. Cash App. PayPal. SoFi. All of these digital money apps are soaring in usage right now, while the volume of cash transactions is plummeting.\nTherefore, Bitcoin is gold made for the modern world. You can’t send gold through a social media platform, or a streaming service, or use it buy a good online.&nbsp;But you can use Bitcoin for that.\nTo that extent, it’s easy to see why folks will ditch their physical store of value (gold) for a digital store of value (Bitcoin) – and why the Bitcoin market will become as big as (if not bigger than) the gold market.\nAll in all, we think the fundamental reasoning underlying the Bitcoin market supports that Bitcoin prices will trend towards $500,000 in the long run.\nHow long will it take to get there? No one really knows. Our best guess is about 10 years – and if so, you’re talking about an asset that will increase 10X in value in 10 years.\nThat’s an&nbsp;amazing&nbsp;return.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>If Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIf Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-24 11:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/>investorplace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nEveryone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next ...\n\n<a href=\"https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199759162","content_text":"Everyone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next several years. Tyler Winklevoss of Facebook fame and big crypto enthusiast has also pounded on the table about a $500,000 long-term price target for Bitcoin.\nMeanwhile, the relatively conservative analyst team over at JPMorgan has set a theoretical long-term price target for BTC of $130,000. A leaked Citibank report shows that the analysts over there think that the price could climb toward $300,000. Billionaire Tim Draper has gone on record multiple times saying Bitcoin prices will eclipse $250,000 by the end of 2022.\nAnd, in the most bullish call of them all, Anthony Pompliano– co-founder and partner at Morgan Creek Digital Assets – has said Bitcoin prices could soar to $1 million per token in the long run.\nBig numbers. Yes. But can Bitcoin really soar toward $200,000? $300,000? Even $500,000 or higher in the long run?\nOur short answer:Yes.\nAnd the reasoning is pretty simple. Bitcoin is the digital version of gold. The gold market is an $11 trillion market. If Bitcoin gets that big, you’re talking an $11 trillion market on 21 million tokens, which implies a price per token of about $500,000.\nThat’s the back-of-the-envelope reasoning and math behind the $500,000 price target.\nOf course, that model rests on some major assumptions. One, Bitcoin is the digital version of gold, and two, the Bitcoin market will be as big as the gold market.\nWe think both are fair assumptions.\nThe modern value of gold derives from scarcity. Sure, maybe once upon a time, gold was used to barter for goods or used to make swords and shields. Not too long ago, it was used in some semiconductor chips.\nBut those days are gone. Today, gold is used for nothing. Its value is in the fact that it has finite supply and, therefore, is a good store of value.\nThe same is true for Bitcoin. In fact, it’s even more true for Bitcoin. There are, by definition, only 21 million Bitcoins in the world. There will never be more than that. Meanwhile, in the gold market, more gold mining efforts can always be put online to increase supply as demand increases.\nIn other words, Bitcoin has more scarcity than gold and, therefore, isn’t just the digital version of gold – it is a digital and superior version of gold.\nMeanwhile, Bitcoin is digital, while gold is physical, and the whole world is pivoting toward digitization these days. Media is digital. Shopping is digital. Entertainment is digital. Communications are digital. Work is digital. Health is digital. Everything is digital.\nIn that world, money will inevitably become digital, too. Indeed, that’s already happening. Venmo. Cash App. PayPal. SoFi. All of these digital money apps are soaring in usage right now, while the volume of cash transactions is plummeting.\nTherefore, Bitcoin is gold made for the modern world. You can’t send gold through a social media platform, or a streaming service, or use it buy a good online. But you can use Bitcoin for that.\nTo that extent, it’s easy to see why folks will ditch their physical store of value (gold) for a digital store of value (Bitcoin) – and why the Bitcoin market will become as big as (if not bigger than) the gold market.\nAll in all, we think the fundamental reasoning underlying the Bitcoin market supports that Bitcoin prices will trend towards $500,000 in the long run.\nHow long will it take to get there? No one really knows. Our best guess is about 10 years – and if so, you’re talking about an asset that will increase 10X in value in 10 years.\nThat’s an amazing return.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6006101,"gmtCreate":1632698151652,"gmtModify":1634785104843,"authorId":3575011341539105,"author":{"id":3575011341539105,"idStr":"3575011341539105","authorId":3575011341539105,"name":"kuppi","avatar":"https://static.tigerbbs.com/1a1c96e4fc6f6f67de0450751c853214","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":868193620,"type":1,"supId":0,"prevId":0,"content":"like the comment","text":"like the comment","html":"like the comment"}],"langContent":"CN"},{"id":861564448,"gmtCreate":1632525498284,"gmtModify":1632713279796,"author":{"id":"4092554906611330","authorId":"4092554906611330","name":"Samuel123win","avatar":"https://static.tigerbbs.com/fb615bd9d23d3ee707625d59ccb06f5e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4092554906611330","idStr":"4092554906611330"},"htmlText":"Go go go","listText":"Go go go","text":"Go go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/861564448","repostId":1199759162,"repostType":4,"repost":{"id":"1199759162","pubTimestamp":1632454663,"share":"https://www.laohu8.com/m/news/1199759162?lang=&edition=full","pubTime":"2021-09-24 11:37","market":"us","language":"en","title":"If Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop","url":"https://stock-news.laohu8.com/highlight/detail?id=1199759162","media":"investorplace","summary":"Everyone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood ","content":"Everyone loves to throw out long-term price targets on&nbsp;Bitcoin.\nARK Invest fund manager&nbsp;Cathie Wood&nbsp;last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next several years.&nbsp;Tyler Winklevoss&nbsp;of Facebook fame and big crypto enthusiast has also pounded on the table about a $500,000 long-term price target for Bitcoin.\nMeanwhile, the relatively conservative analyst team over at&nbsp;JPMorgan&nbsp;has set a theoretical long-term price target for BTC of $130,000. A leaked&nbsp;Citibank&nbsp;report shows that the analysts over there think that the price could climb toward $300,000. Billionaire&nbsp;Tim Draper&nbsp;has gone on record multiple times saying Bitcoin prices will eclipse $250,000 by the end of 2022.\nAnd, in the most bullish call of them all,&nbsp;Anthony Pompliano– co-founder and partner at Morgan Creek Digital Assets – has said Bitcoin prices could soar to $1 million per token in the long run.\nBig numbers. Yes. But can Bitcoin really soar toward $200,000? $300,000? Even $500,000 or higher in the long run?\nOur short answer:Yes.\nAnd the reasoning is pretty simple. Bitcoin is the digital version of gold. The gold market is an $11 trillion market. If Bitcoin gets that big, you’re talking an $11 trillion market on 21 million tokens, which implies a price per token of about $500,000.\nThat’s the back-of-the-envelope reasoning and math behind the $500,000 price target.\nOf course, that model rests on some major assumptions. One, Bitcoin is the digital version of gold, and two, the Bitcoin market will be as big as the gold market.\nWe think both are fair assumptions.\nThe modern value of gold derives from&nbsp;scarcity. Sure, maybe once upon a time, gold was used to barter for goods or used to make swords and shields. Not too long ago, it was used in some semiconductor chips.\nBut those days are gone. Today, gold is used for nothing. Its value is in the fact that it has finite supply and, therefore, is a good store of value.\nThe same is true for Bitcoin. In fact, it’s even more true for Bitcoin. There are, by definition, only 21 million Bitcoins in the world. There will never be more than that. Meanwhile, in the gold market, more gold mining efforts can always be put online to increase supply as demand increases.\nIn other words, Bitcoin has more scarcity than gold and, therefore, isn’t just the digital version of gold – it is a digital and superior version of gold.\nMeanwhile, Bitcoin is&nbsp;digital, while gold is&nbsp;physical, and the whole world is pivoting toward digitization these days. Media is digital. Shopping is digital. Entertainment is digital. Communications are digital. Work is digital. Health is digital. Everything is digital.\nIn that world, money will inevitably become digital, too. Indeed, that’s already happening. Venmo. Cash App. PayPal. SoFi. All of these digital money apps are soaring in usage right now, while the volume of cash transactions is plummeting.\nTherefore, Bitcoin is gold made for the modern world. You can’t send gold through a social media platform, or a streaming service, or use it buy a good online.&nbsp;But you can use Bitcoin for that.\nTo that extent, it’s easy to see why folks will ditch their physical store of value (gold) for a digital store of value (Bitcoin) – and why the Bitcoin market will become as big as (if not bigger than) the gold market.\nAll in all, we think the fundamental reasoning underlying the Bitcoin market supports that Bitcoin prices will trend towards $500,000 in the long run.\nHow long will it take to get there? No one really knows. Our best guess is about 10 years – and if so, you’re talking about an asset that will increase 10X in value in 10 years.\nThat’s an&nbsp;amazing&nbsp;return.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>If Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIf Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-24 11:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/>investorplace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nEveryone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next ...\n\n<a href=\"https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199759162","content_text":"Everyone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next several years. Tyler Winklevoss of Facebook fame and big crypto enthusiast has also pounded on the table about a $500,000 long-term price target for Bitcoin.\nMeanwhile, the relatively conservative analyst team over at JPMorgan has set a theoretical long-term price target for BTC of $130,000. A leaked Citibank report shows that the analysts over there think that the price could climb toward $300,000. Billionaire Tim Draper has gone on record multiple times saying Bitcoin prices will eclipse $250,000 by the end of 2022.\nAnd, in the most bullish call of them all, Anthony Pompliano– co-founder and partner at Morgan Creek Digital Assets – has said Bitcoin prices could soar to $1 million per token in the long run.\nBig numbers. Yes. But can Bitcoin really soar toward $200,000? $300,000? Even $500,000 or higher in the long run?\nOur short answer:Yes.\nAnd the reasoning is pretty simple. Bitcoin is the digital version of gold. The gold market is an $11 trillion market. If Bitcoin gets that big, you’re talking an $11 trillion market on 21 million tokens, which implies a price per token of about $500,000.\nThat’s the back-of-the-envelope reasoning and math behind the $500,000 price target.\nOf course, that model rests on some major assumptions. One, Bitcoin is the digital version of gold, and two, the Bitcoin market will be as big as the gold market.\nWe think both are fair assumptions.\nThe modern value of gold derives from scarcity. Sure, maybe once upon a time, gold was used to barter for goods or used to make swords and shields. Not too long ago, it was used in some semiconductor chips.\nBut those days are gone. Today, gold is used for nothing. Its value is in the fact that it has finite supply and, therefore, is a good store of value.\nThe same is true for Bitcoin. In fact, it’s even more true for Bitcoin. There are, by definition, only 21 million Bitcoins in the world. There will never be more than that. Meanwhile, in the gold market, more gold mining efforts can always be put online to increase supply as demand increases.\nIn other words, Bitcoin has more scarcity than gold and, therefore, isn’t just the digital version of gold – it is a digital and superior version of gold.\nMeanwhile, Bitcoin is digital, while gold is physical, and the whole world is pivoting toward digitization these days. Media is digital. Shopping is digital. Entertainment is digital. Communications are digital. Work is digital. Health is digital. Everything is digital.\nIn that world, money will inevitably become digital, too. Indeed, that’s already happening. Venmo. Cash App. PayPal. SoFi. All of these digital money apps are soaring in usage right now, while the volume of cash transactions is plummeting.\nTherefore, Bitcoin is gold made for the modern world. You can’t send gold through a social media platform, or a streaming service, or use it buy a good online. But you can use Bitcoin for that.\nTo that extent, it’s easy to see why folks will ditch their physical store of value (gold) for a digital store of value (Bitcoin) – and why the Bitcoin market will become as big as (if not bigger than) the gold market.\nAll in all, we think the fundamental reasoning underlying the Bitcoin market supports that Bitcoin prices will trend towards $500,000 in the long run.\nHow long will it take to get there? No one really knows. Our best guess is about 10 years – and if so, you’re talking about an asset that will increase 10X in value in 10 years.\nThat’s an amazing return.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":861262513,"gmtCreate":1632498916832,"gmtModify":1632715332800,"author":{"id":"3577182936341023","authorId":"3577182936341023","name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3577182936341023","idStr":"3577182936341023"},"htmlText":"Buy Gbtc on dip #","listText":"Buy Gbtc on dip #","text":"Buy Gbtc on dip #","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/861262513","repostId":1199759162,"repostType":4,"repost":{"id":"1199759162","pubTimestamp":1632454663,"share":"https://www.laohu8.com/m/news/1199759162?lang=&edition=full","pubTime":"2021-09-24 11:37","market":"us","language":"en","title":"If Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop","url":"https://stock-news.laohu8.com/highlight/detail?id=1199759162","media":"investorplace","summary":"Everyone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood ","content":"Everyone loves to throw out long-term price targets on&nbsp;Bitcoin.\nARK Invest fund manager&nbsp;Cathie Wood&nbsp;last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next several years.&nbsp;Tyler Winklevoss&nbsp;of Facebook fame and big crypto enthusiast has also pounded on the table about a $500,000 long-term price target for Bitcoin.\nMeanwhile, the relatively conservative analyst team over at&nbsp;JPMorgan&nbsp;has set a theoretical long-term price target for BTC of $130,000. A leaked&nbsp;Citibank&nbsp;report shows that the analysts over there think that the price could climb toward $300,000. Billionaire&nbsp;Tim Draper&nbsp;has gone on record multiple times saying Bitcoin prices will eclipse $250,000 by the end of 2022.\nAnd, in the most bullish call of them all,&nbsp;Anthony Pompliano– co-founder and partner at Morgan Creek Digital Assets – has said Bitcoin prices could soar to $1 million per token in the long run.\nBig numbers. Yes. But can Bitcoin really soar toward $200,000? $300,000? Even $500,000 or higher in the long run?\nOur short answer:Yes.\nAnd the reasoning is pretty simple. Bitcoin is the digital version of gold. The gold market is an $11 trillion market. If Bitcoin gets that big, you’re talking an $11 trillion market on 21 million tokens, which implies a price per token of about $500,000.\nThat’s the back-of-the-envelope reasoning and math behind the $500,000 price target.\nOf course, that model rests on some major assumptions. One, Bitcoin is the digital version of gold, and two, the Bitcoin market will be as big as the gold market.\nWe think both are fair assumptions.\nThe modern value of gold derives from&nbsp;scarcity. Sure, maybe once upon a time, gold was used to barter for goods or used to make swords and shields. Not too long ago, it was used in some semiconductor chips.\nBut those days are gone. Today, gold is used for nothing. Its value is in the fact that it has finite supply and, therefore, is a good store of value.\nThe same is true for Bitcoin. In fact, it’s even more true for Bitcoin. There are, by definition, only 21 million Bitcoins in the world. There will never be more than that. Meanwhile, in the gold market, more gold mining efforts can always be put online to increase supply as demand increases.\nIn other words, Bitcoin has more scarcity than gold and, therefore, isn’t just the digital version of gold – it is a digital and superior version of gold.\nMeanwhile, Bitcoin is&nbsp;digital, while gold is&nbsp;physical, and the whole world is pivoting toward digitization these days. Media is digital. Shopping is digital. Entertainment is digital. Communications are digital. Work is digital. Health is digital. Everything is digital.\nIn that world, money will inevitably become digital, too. Indeed, that’s already happening. Venmo. Cash App. PayPal. SoFi. All of these digital money apps are soaring in usage right now, while the volume of cash transactions is plummeting.\nTherefore, Bitcoin is gold made for the modern world. You can’t send gold through a social media platform, or a streaming service, or use it buy a good online.&nbsp;But you can use Bitcoin for that.\nTo that extent, it’s easy to see why folks will ditch their physical store of value (gold) for a digital store of value (Bitcoin) – and why the Bitcoin market will become as big as (if not bigger than) the gold market.\nAll in all, we think the fundamental reasoning underlying the Bitcoin market supports that Bitcoin prices will trend towards $500,000 in the long run.\nHow long will it take to get there? No one really knows. Our best guess is about 10 years – and if so, you’re talking about an asset that will increase 10X in value in 10 years.\nThat’s an&nbsp;amazing&nbsp;return.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>If Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIf Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-24 11:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/>investorplace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nEveryone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next ...\n\n<a href=\"https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199759162","content_text":"Everyone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next several years. Tyler Winklevoss of Facebook fame and big crypto enthusiast has also pounded on the table about a $500,000 long-term price target for Bitcoin.\nMeanwhile, the relatively conservative analyst team over at JPMorgan has set a theoretical long-term price target for BTC of $130,000. A leaked Citibank report shows that the analysts over there think that the price could climb toward $300,000. Billionaire Tim Draper has gone on record multiple times saying Bitcoin prices will eclipse $250,000 by the end of 2022.\nAnd, in the most bullish call of them all, Anthony Pompliano– co-founder and partner at Morgan Creek Digital Assets – has said Bitcoin prices could soar to $1 million per token in the long run.\nBig numbers. Yes. But can Bitcoin really soar toward $200,000? $300,000? Even $500,000 or higher in the long run?\nOur short answer:Yes.\nAnd the reasoning is pretty simple. Bitcoin is the digital version of gold. The gold market is an $11 trillion market. If Bitcoin gets that big, you’re talking an $11 trillion market on 21 million tokens, which implies a price per token of about $500,000.\nThat’s the back-of-the-envelope reasoning and math behind the $500,000 price target.\nOf course, that model rests on some major assumptions. One, Bitcoin is the digital version of gold, and two, the Bitcoin market will be as big as the gold market.\nWe think both are fair assumptions.\nThe modern value of gold derives from scarcity. Sure, maybe once upon a time, gold was used to barter for goods or used to make swords and shields. Not too long ago, it was used in some semiconductor chips.\nBut those days are gone. Today, gold is used for nothing. Its value is in the fact that it has finite supply and, therefore, is a good store of value.\nThe same is true for Bitcoin. In fact, it’s even more true for Bitcoin. There are, by definition, only 21 million Bitcoins in the world. There will never be more than that. Meanwhile, in the gold market, more gold mining efforts can always be put online to increase supply as demand increases.\nIn other words, Bitcoin has more scarcity than gold and, therefore, isn’t just the digital version of gold – it is a digital and superior version of gold.\nMeanwhile, Bitcoin is digital, while gold is physical, and the whole world is pivoting toward digitization these days. Media is digital. Shopping is digital. Entertainment is digital. Communications are digital. Work is digital. Health is digital. Everything is digital.\nIn that world, money will inevitably become digital, too. Indeed, that’s already happening. Venmo. Cash App. PayPal. SoFi. All of these digital money apps are soaring in usage right now, while the volume of cash transactions is plummeting.\nTherefore, Bitcoin is gold made for the modern world. You can’t send gold through a social media platform, or a streaming service, or use it buy a good online. But you can use Bitcoin for that.\nTo that extent, it’s easy to see why folks will ditch their physical store of value (gold) for a digital store of value (Bitcoin) – and why the Bitcoin market will become as big as (if not bigger than) the gold market.\nAll in all, we think the fundamental reasoning underlying the Bitcoin market supports that Bitcoin prices will trend towards $500,000 in the long run.\nHow long will it take to get there? No one really knows. Our best guess is about 10 years – and if so, you’re talking about an asset that will increase 10X in value in 10 years.\nThat’s an amazing return.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":861262349,"gmtCreate":1632498868881,"gmtModify":1632715341803,"author":{"id":"3577182936341023","authorId":"3577182936341023","name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3577182936341023","idStr":"3577182936341023"},"htmlText":"Good opportunity buy&nbsp;dip #","listText":"Good opportunity buy&nbsp;dip #","text":"Good opportunity buy dip #","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/861262349","repostId":1199759162,"repostType":4,"repost":{"id":"1199759162","pubTimestamp":1632454663,"share":"https://www.laohu8.com/m/news/1199759162?lang=&edition=full","pubTime":"2021-09-24 11:37","market":"us","language":"en","title":"If Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop","url":"https://stock-news.laohu8.com/highlight/detail?id=1199759162","media":"investorplace","summary":"Everyone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood ","content":"Everyone loves to throw out long-term price targets on&nbsp;Bitcoin.\nARK Invest fund manager&nbsp;Cathie Wood&nbsp;last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next several years.&nbsp;Tyler Winklevoss&nbsp;of Facebook fame and big crypto enthusiast has also pounded on the table about a $500,000 long-term price target for Bitcoin.\nMeanwhile, the relatively conservative analyst team over at&nbsp;JPMorgan&nbsp;has set a theoretical long-term price target for BTC of $130,000. A leaked&nbsp;Citibank&nbsp;report shows that the analysts over there think that the price could climb toward $300,000. Billionaire&nbsp;Tim Draper&nbsp;has gone on record multiple times saying Bitcoin prices will eclipse $250,000 by the end of 2022.\nAnd, in the most bullish call of them all,&nbsp;Anthony Pompliano– co-founder and partner at Morgan Creek Digital Assets – has said Bitcoin prices could soar to $1 million per token in the long run.\nBig numbers. Yes. But can Bitcoin really soar toward $200,000? $300,000? Even $500,000 or higher in the long run?\nOur short answer:Yes.\nAnd the reasoning is pretty simple. Bitcoin is the digital version of gold. The gold market is an $11 trillion market. If Bitcoin gets that big, you’re talking an $11 trillion market on 21 million tokens, which implies a price per token of about $500,000.\nThat’s the back-of-the-envelope reasoning and math behind the $500,000 price target.\nOf course, that model rests on some major assumptions. One, Bitcoin is the digital version of gold, and two, the Bitcoin market will be as big as the gold market.\nWe think both are fair assumptions.\nThe modern value of gold derives from&nbsp;scarcity. Sure, maybe once upon a time, gold was used to barter for goods or used to make swords and shields. Not too long ago, it was used in some semiconductor chips.\nBut those days are gone. Today, gold is used for nothing. Its value is in the fact that it has finite supply and, therefore, is a good store of value.\nThe same is true for Bitcoin. In fact, it’s even more true for Bitcoin. There are, by definition, only 21 million Bitcoins in the world. There will never be more than that. Meanwhile, in the gold market, more gold mining efforts can always be put online to increase supply as demand increases.\nIn other words, Bitcoin has more scarcity than gold and, therefore, isn’t just the digital version of gold – it is a digital and superior version of gold.\nMeanwhile, Bitcoin is&nbsp;digital, while gold is&nbsp;physical, and the whole world is pivoting toward digitization these days. Media is digital. Shopping is digital. Entertainment is digital. Communications are digital. Work is digital. Health is digital. Everything is digital.\nIn that world, money will inevitably become digital, too. Indeed, that’s already happening. Venmo. Cash App. PayPal. SoFi. All of these digital money apps are soaring in usage right now, while the volume of cash transactions is plummeting.\nTherefore, Bitcoin is gold made for the modern world. You can’t send gold through a social media platform, or a streaming service, or use it buy a good online.&nbsp;But you can use Bitcoin for that.\nTo that extent, it’s easy to see why folks will ditch their physical store of value (gold) for a digital store of value (Bitcoin) – and why the Bitcoin market will become as big as (if not bigger than) the gold market.\nAll in all, we think the fundamental reasoning underlying the Bitcoin market supports that Bitcoin prices will trend towards $500,000 in the long run.\nHow long will it take to get there? No one really knows. Our best guess is about 10 years – and if so, you’re talking about an asset that will increase 10X in value in 10 years.\nThat’s an&nbsp;amazing&nbsp;return.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>If Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIf Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-24 11:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/>investorplace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nEveryone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next ...\n\n<a href=\"https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199759162","content_text":"Everyone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next several years. Tyler Winklevoss of Facebook fame and big crypto enthusiast has also pounded on the table about a $500,000 long-term price target for Bitcoin.\nMeanwhile, the relatively conservative analyst team over at JPMorgan has set a theoretical long-term price target for BTC of $130,000. A leaked Citibank report shows that the analysts over there think that the price could climb toward $300,000. Billionaire Tim Draper has gone on record multiple times saying Bitcoin prices will eclipse $250,000 by the end of 2022.\nAnd, in the most bullish call of them all, Anthony Pompliano– co-founder and partner at Morgan Creek Digital Assets – has said Bitcoin prices could soar to $1 million per token in the long run.\nBig numbers. Yes. But can Bitcoin really soar toward $200,000? $300,000? Even $500,000 or higher in the long run?\nOur short answer:Yes.\nAnd the reasoning is pretty simple. Bitcoin is the digital version of gold. The gold market is an $11 trillion market. If Bitcoin gets that big, you’re talking an $11 trillion market on 21 million tokens, which implies a price per token of about $500,000.\nThat’s the back-of-the-envelope reasoning and math behind the $500,000 price target.\nOf course, that model rests on some major assumptions. One, Bitcoin is the digital version of gold, and two, the Bitcoin market will be as big as the gold market.\nWe think both are fair assumptions.\nThe modern value of gold derives from scarcity. Sure, maybe once upon a time, gold was used to barter for goods or used to make swords and shields. Not too long ago, it was used in some semiconductor chips.\nBut those days are gone. Today, gold is used for nothing. Its value is in the fact that it has finite supply and, therefore, is a good store of value.\nThe same is true for Bitcoin. In fact, it’s even more true for Bitcoin. There are, by definition, only 21 million Bitcoins in the world. There will never be more than that. Meanwhile, in the gold market, more gold mining efforts can always be put online to increase supply as demand increases.\nIn other words, Bitcoin has more scarcity than gold and, therefore, isn’t just the digital version of gold – it is a digital and superior version of gold.\nMeanwhile, Bitcoin is digital, while gold is physical, and the whole world is pivoting toward digitization these days. Media is digital. Shopping is digital. Entertainment is digital. Communications are digital. Work is digital. Health is digital. Everything is digital.\nIn that world, money will inevitably become digital, too. Indeed, that’s already happening. Venmo. Cash App. PayPal. SoFi. All of these digital money apps are soaring in usage right now, while the volume of cash transactions is plummeting.\nTherefore, Bitcoin is gold made for the modern world. You can’t send gold through a social media platform, or a streaming service, or use it buy a good online. But you can use Bitcoin for that.\nTo that extent, it’s easy to see why folks will ditch their physical store of value (gold) for a digital store of value (Bitcoin) – and why the Bitcoin market will become as big as (if not bigger than) the gold market.\nAll in all, we think the fundamental reasoning underlying the Bitcoin market supports that Bitcoin prices will trend towards $500,000 in the long run.\nHow long will it take to get there? No one really knows. Our best guess is about 10 years – and if so, you’re talking about an asset that will increase 10X in value in 10 years.\nThat’s an amazing return.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":861601201,"gmtCreate":1632489421003,"gmtModify":1632718227960,"author":{"id":"3579259217271611","authorId":"3579259217271611","name":"CCCH","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3579259217271611","idStr":"3579259217271611"},"htmlText":"Wait long long&nbsp;","listText":"Wait long long&nbsp;","text":"Wait long long","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/861601201","repostId":1199759162,"repostType":4,"repost":{"id":"1199759162","pubTimestamp":1632454663,"share":"https://www.laohu8.com/m/news/1199759162?lang=&edition=full","pubTime":"2021-09-24 11:37","market":"us","language":"en","title":"If Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop","url":"https://stock-news.laohu8.com/highlight/detail?id=1199759162","media":"investorplace","summary":"Everyone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood ","content":"Everyone loves to throw out long-term price targets on&nbsp;Bitcoin.\nARK Invest fund manager&nbsp;Cathie Wood&nbsp;last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next several years.&nbsp;Tyler Winklevoss&nbsp;of Facebook fame and big crypto enthusiast has also pounded on the table about a $500,000 long-term price target for Bitcoin.\nMeanwhile, the relatively conservative analyst team over at&nbsp;JPMorgan&nbsp;has set a theoretical long-term price target for BTC of $130,000. A leaked&nbsp;Citibank&nbsp;report shows that the analysts over there think that the price could climb toward $300,000. Billionaire&nbsp;Tim Draper&nbsp;has gone on record multiple times saying Bitcoin prices will eclipse $250,000 by the end of 2022.\nAnd, in the most bullish call of them all,&nbsp;Anthony Pompliano– co-founder and partner at Morgan Creek Digital Assets – has said Bitcoin prices could soar to $1 million per token in the long run.\nBig numbers. Yes. But can Bitcoin really soar toward $200,000? $300,000? Even $500,000 or higher in the long run?\nOur short answer:Yes.\nAnd the reasoning is pretty simple. Bitcoin is the digital version of gold. The gold market is an $11 trillion market. If Bitcoin gets that big, you’re talking an $11 trillion market on 21 million tokens, which implies a price per token of about $500,000.\nThat’s the back-of-the-envelope reasoning and math behind the $500,000 price target.\nOf course, that model rests on some major assumptions. One, Bitcoin is the digital version of gold, and two, the Bitcoin market will be as big as the gold market.\nWe think both are fair assumptions.\nThe modern value of gold derives from&nbsp;scarcity. Sure, maybe once upon a time, gold was used to barter for goods or used to make swords and shields. Not too long ago, it was used in some semiconductor chips.\nBut those days are gone. Today, gold is used for nothing. Its value is in the fact that it has finite supply and, therefore, is a good store of value.\nThe same is true for Bitcoin. In fact, it’s even more true for Bitcoin. There are, by definition, only 21 million Bitcoins in the world. There will never be more than that. Meanwhile, in the gold market, more gold mining efforts can always be put online to increase supply as demand increases.\nIn other words, Bitcoin has more scarcity than gold and, therefore, isn’t just the digital version of gold – it is a digital and superior version of gold.\nMeanwhile, Bitcoin is&nbsp;digital, while gold is&nbsp;physical, and the whole world is pivoting toward digitization these days. Media is digital. Shopping is digital. Entertainment is digital. Communications are digital. Work is digital. Health is digital. Everything is digital.\nIn that world, money will inevitably become digital, too. Indeed, that’s already happening. Venmo. Cash App. PayPal. SoFi. All of these digital money apps are soaring in usage right now, while the volume of cash transactions is plummeting.\nTherefore, Bitcoin is gold made for the modern world. You can’t send gold through a social media platform, or a streaming service, or use it buy a good online.&nbsp;But you can use Bitcoin for that.\nTo that extent, it’s easy to see why folks will ditch their physical store of value (gold) for a digital store of value (Bitcoin) – and why the Bitcoin market will become as big as (if not bigger than) the gold market.\nAll in all, we think the fundamental reasoning underlying the Bitcoin market supports that Bitcoin prices will trend towards $500,000 in the long run.\nHow long will it take to get there? No one really knows. Our best guess is about 10 years – and if so, you’re talking about an asset that will increase 10X in value in 10 years.\nThat’s an&nbsp;amazing&nbsp;return.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>If Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIf Bitcoin Really Is Digital Gold, Then $500,000 Is the Next Stop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-24 11:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/>investorplace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nEveryone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next ...\n\n<a href=\"https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://investorplace.com/hypergrowthinvesting/2021/09/if-bitcoin-really-is-digital-gold-then-500000-is-the-next-stop/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199759162","content_text":"Everyone loves to throw out long-term price targets on Bitcoin.\nARK Invest fund manager Cathie Wood last week reiterated her firm’s call for Bitcoin to trend toward $500,000 per coin over the next several years. Tyler Winklevoss of Facebook fame and big crypto enthusiast has also pounded on the table about a $500,000 long-term price target for Bitcoin.\nMeanwhile, the relatively conservative analyst team over at JPMorgan has set a theoretical long-term price target for BTC of $130,000. A leaked Citibank report shows that the analysts over there think that the price could climb toward $300,000. Billionaire Tim Draper has gone on record multiple times saying Bitcoin prices will eclipse $250,000 by the end of 2022.\nAnd, in the most bullish call of them all, Anthony Pompliano– co-founder and partner at Morgan Creek Digital Assets – has said Bitcoin prices could soar to $1 million per token in the long run.\nBig numbers. Yes. But can Bitcoin really soar toward $200,000? $300,000? Even $500,000 or higher in the long run?\nOur short answer:Yes.\nAnd the reasoning is pretty simple. Bitcoin is the digital version of gold. The gold market is an $11 trillion market. If Bitcoin gets that big, you’re talking an $11 trillion market on 21 million tokens, which implies a price per token of about $500,000.\nThat’s the back-of-the-envelope reasoning and math behind the $500,000 price target.\nOf course, that model rests on some major assumptions. One, Bitcoin is the digital version of gold, and two, the Bitcoin market will be as big as the gold market.\nWe think both are fair assumptions.\nThe modern value of gold derives from scarcity. Sure, maybe once upon a time, gold was used to barter for goods or used to make swords and shields. Not too long ago, it was used in some semiconductor chips.\nBut those days are gone. Today, gold is used for nothing. Its value is in the fact that it has finite supply and, therefore, is a good store of value.\nThe same is true for Bitcoin. In fact, it’s even more true for Bitcoin. There are, by definition, only 21 million Bitcoins in the world. There will never be more than that. Meanwhile, in the gold market, more gold mining efforts can always be put online to increase supply as demand increases.\nIn other words, Bitcoin has more scarcity than gold and, therefore, isn’t just the digital version of gold – it is a digital and superior version of gold.\nMeanwhile, Bitcoin is digital, while gold is physical, and the whole world is pivoting toward digitization these days. Media is digital. Shopping is digital. Entertainment is digital. Communications are digital. Work is digital. Health is digital. Everything is digital.\nIn that world, money will inevitably become digital, too. Indeed, that’s already happening. Venmo. Cash App. PayPal. SoFi. All of these digital money apps are soaring in usage right now, while the volume of cash transactions is plummeting.\nTherefore, Bitcoin is gold made for the modern world. You can’t send gold through a social media platform, or a streaming service, or use it buy a good online. But you can use Bitcoin for that.\nTo that extent, it’s easy to see why folks will ditch their physical store of value (gold) for a digital store of value (Bitcoin) – and why the Bitcoin market will become as big as (if not bigger than) the gold market.\nAll in all, we think the fundamental reasoning underlying the Bitcoin market supports that Bitcoin prices will trend towards $500,000 in the long run.\nHow long will it take to get there? No one really knows. Our best guess is about 10 years – and if so, you’re talking about an asset that will increase 10X in value in 10 years.\nThat’s an amazing return.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":314,"commentSize":70,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1199759162"}