Tag: Bitcoin Price

Analyst Predicts Bitcoin Price To $170K By End Of 2022

Bitcoin Price to $100,000
Bitcoin Price Prediction $170,000

Capital.com analyst, Mikhail Karkhalev predicts Bitcoin will reach $170,000 by the end of 2022 or early 2023.

The analyst said, “Bitcoin’s prospects in the medium to long-term are promising“. He predicted Bitcoin to rise to $80,000-$85,000 by the end of 2021. But he’s not the only one who thinks Bitcoin will surge past 6-figures.

franknez.com

Welcome to Franknez.com – if you’re part of my Patreon group you know how much I love Bitcoin. BTC and AMC are my biggest plays right now.

Lets get started!

If you thought it was too late to get into Bitcoin, you’re not alone. I was in the same boat before I put my first $100 in the cryptocurrency. Now, $100 is not much to invest in but I was testing the crypto market to see whether it be something I could invest in long term.

So, I decided to purchase my first fractions of Bitcoin using the exchange known as Kraken. I bought in when BTC was around $60K per coin and then it plummeted to about $29K. Good thing I only put $100.

But here’s what happened next. I did a little more research and stumbled across the information that Bitcoin’s demand can easily send it to 6-figures per coin. I was sold and have put 4-figures in this vehicle around $32K. BTC has now risen close to $50K. Once BTC reaches $64K, I would have doubled my money.

Bitcoin Price Prediction: Forbes

According to Forbes, an expert panel has predicted that Bitcoin price will climb to well over $100,000 in 2021. A third of the panelist surveyed believe Bitcoin price could soar higher, reaching beyond $120,000 this year.

But get this, the panel average says Bitcoin price will skyrocket to a whopping $107,484 at some point during 2021.

Bitcoin Price Prediction Forbes
Bitcoin Price Prediction: Forbes

Experts are extremely bullish on Bitcoin. It’s a matter of supply and demand, similar to what we’re seeing with AMC Entertainment stock.

Bitcoin is a different monster though, with all respect.

Why Is Bitcoin Going Up?

Bitcoin price is going up mainly due to supply and demand in the markets. Institutions and retail investors alike continue to buy the limited cryptocurrency.

CNBC asked Chamath, an early Facebook investor and venture capitalist, how high he thinks Bitcoin will continue to soar earlier this year.

Listen to Chamath’s response below.

Chamath Bitcoin Price CNBC

“Where is it going? It’s probably going to 100, then 150, then 200 thousand”. Chamath was one of the first people to invest in Bitcoin a decade ago.

He’s worth more than $1 billion today and is the founder and CEO of Social Capital, an organization of investors focused on creating more opportunity globally.

How Much Was Bitcoin Worth When It First Started?

Bitcoin price started trading at approximately $0.08 per coin back in July of 2010 but was worth even less during inception.

Here’s how much money you would have today if you invested in Bitcoin when it first started:

  • $100 in BTC would = $61 Million today
  • $500 in BTC would = $308 Million today
  • $1,000 in BTC would = $617 Million today

But don’t beat yourself up for it. The important thing that matters today is that now you know just how much further Bitcoin price can reach.

It’s what you do today that matters.

Is Bitcoin Overvalued?

Most experts don’t think so. In a panel by Finder, 76% of respondants thought Bitcoin was not overvalued with only 24% saying it was.

Is Bitcoin Overvalued?
Is Bitcoin Overvalued? – Graph

I think most people are intrigued with what’s happening with Bitcoin today. FOMO (fear of missing out) is causing new investors to buy Bitcoin.

Because Bitcoin is limited, the cryptocurrency has a high demand. And it’s especially attractive when you compare gains from parking money in Bitcoin then the gains from a money market account.

Bitcoin could be a great vehicle to put some money in while its value continues to surge. One thing is certain and that is your bank will never give you these returns.

What Are The Top Companies Holding Bitcoin?

  1. MicroStrategy | 105,085 BTC
  2. Tesla | 42,902 BTC
  3. Galaxy Digital Holdings | 16,400 BTC
  4. Voyager Digital LTD | 12,260 BTC
  5. Square Inc. | 8,207 BTC
  6. Marathon Digital Holdings Inc. | 5,784 BTC
  7. Coinbase Global, Inc. | 4,482 BTC
  8. Bitcoin Group SE | 3,947 BTC
  9. Hut 8 Mining Corp | 3,522 BTC
  10. Riot Blockchain, Inc. | 2,243 BTC

These are the top 10 public companies with the biggest Bitcoin portfolios according to Decrypt.

Multiply the number of BTC each company holds by Bitcoin’s current price and you’ll be astonished by the amount of money that translates to.

The price of Bitcoin as of this publication is around $49.8K per coin. We’re so close to reaching $50K.

Should You Buy Bitcoin?

There’s no question about it. Bitcoin is correcting itself back to $60K per coin and with analysts prediction bitcoin to $100,000 and beyond, why wouldn’t you?

At first, I was hesitant about Bitcoin. I thought it was too late to buy it, I didn’t know you could buy fractions of it, and to be honest I didn’t even know how to buy it.

But if you’re interested in diversifying your portfolio now and want to put multiply your money with this cryptocurrency, read this article on how to buy Bitcoin with Coinbase.

Are you invested in other cryptocurrency?

Franknez.com

Are you invested in other cryptocurrency besides Bitcoin? If so, let me know in the comment section below what that crypto is. Or, is this your first time getting into Bitcoin? I’d love to know.

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View my stock and crypto purchases exclusively on the Patreon 🎉


I Just Doubled My Bitcoin Investment From June’s Dip

Bitcoin Investment
How high will Bitcoin go?

Bitcoin just hit an all-time high reaching more than $64.2k per BTC. My initial Bitcoin investment doubled in gains since my initial purchase back in June/July when BTC had tanked.

In fact, I published an article whether you should buy the cryptocurrencies dip or not during this time, calling out a strong buy.

And of course if you’re part of the 110+ member Patreon group where I share my stock and crypto purchases with you, you know exactly how much I invested in this crypto.

franknez.com

Welcome to Franknez.com – big congrats to Bitcoin holders on this major victory. BTC continues to go up and I want to discuss whether or not it’s too late to buy this cryptocurrency.

Let’s get started!

As I’m writing this article, Bitcoin continues to climb almost hitting $64k.

Most of you know me for holding AMC stock and for being a massive advocate in the community.

Others know I hold long terms stocks as well as different cryptocurrencies.

And although AMC stock has been my baby this year, I’ve had other winning stocks and crypto in my portfolio too.

You might be wondering, is it too late to buy Bitcoin right now? Especially after this significant milestone.

In short, the answer is no, community.

And I’m going to tell you why in this article.

Bitcoin Just Reached An All Time High

Bitcoin all time high

When Bitcoin took a massive hit this summer, very few investors pulled their investments out.

We saw institutions liquidate their positions and many of us saw this as the perfect buying opportunity for an asset we already knew where it was headed.

There are those who underestimate the crypto despite its groundbreaking prices, and those who who predict Bitcoin will reach $100k+.

One thing we can learn from assets that have had massive upswings over a period of several years is that anything is possible.

Especially when you have a massive community behind a specific asset.

We saw this happen with GameStop, and are seeing this unfold with the AMC community as well.

And to be quite honest, I didn’t expect my Bitcoin investment to double this quickly.

End of the year perhaps, but not now.

And I’m excited because BTC can still double.

That’s right. Let’s discuss Bitcoin price predictions for one moment.

How High Can Bitcoin Go?

Capital.com analyst, Mikhail Karkhalev predicts Bitcoin will reach $170,000 by the end of 2022 or early 2023.

That’s more than 2.5 times the current price!

Bitcoin may not be in a dip right now but buying the cryptocurrency today exposes you to the bullish possibility of doubling your investment during it’s long-term runup.

And personally, I’m willing to bet on the investments with strong convictions, high price predictions, and a strong community to back it up.

Because honestly why wouldn’t you? The bank isn’t paying you squat for letting your money sit.

They’re investing it behind your back so why wouldn’t you invest it for yourself, right?

And you don’t even have to follow me. But follow those who are doing the research and taking the time to identify big plays so that you’ll be ready when they say go.

$100k, $150k, then $200k…

This price prediction is from Chamath, former Facebook executive, multi-billionaire angel investor, and early Bitcoin buyer.

Chamath predicts Bitcoin will reach 100, 150, then 200 thousand dollars per BTC.

Take a quick minute to watch this short video, community.

Bitcoin Investment: Chamath Bitcoin Price Prediction

How long will it take Bitcoin to reach these incredible numbers? Chamath doesn’t know for certain of course. But he estimates it may happen during this decade.

The amazing thing about bitcoin is that you don’t have to own 1 BTC to actually make money.

When you decide you want to put $5,000-$10,000 in this vehicle, it will purchase Bitcoin in fractions.

So each time Bitcoin moves up, your fractions earn gains just the same.

This is where BTC really is affordable for most people to get into. You can set a budget of how much you want to invest in it.

Granted, a vehicle this massive will earn proper returns the more you actually throw in it.

Should You Buy Bitcoin Right Now?

BTC

If you bought Bitcoin back in June or July, you would have doubled if not nearly doubled your investment.

BTC has reached an all-time high which leads me to believe we’re going to see a small dip around $60k to maybe even a little below.

This will be the perfect time to add to your position or open a new investment in Bitcoin.

This of course is my prediction based on BTC’s chart pattern history.

No matter, whether you buy now or wait for a small dip, Bitcoin has major potential in the eyes of millions of investors within this massive community.

I for one continue to be extremely bullish on the crypto and will be posting to my Patreon group when I add to my position.

In fact, I just recently added 3 cryptos to my portfolio.

Final Words

The purpose of this blog is to provide you with leads on hot stocks and crypto that have the potential to multiply your initial investment.

I’m not a financial advisor, I just love to write, research, and make a positive impact in the lives of other people.

Truth be told, my biggest wins are knowing you profited from stocks or crypto you read about on my site.

I can make great plays due to my research and not tell anyone about it. But I rather share the knowledge and have my readers make their own decisions based on the data at hand.

If you’ve been reading FrankNez since early this year and are profitable in AMC, I salute you. If you bought Bitcoin’s dip back in June/July when I recommended it and now you’ve doubled your investment too, I salute you.

And if this is your first time reading my blog, I’m going to leave my social media handles below so you can keep up with me and the community.

franknez.com

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Read: How to invest in Bitcoin for beginners


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