Why we could be close to a volatile upward movement in price
With Bitcoin being the best performing asset over the last decade surging from a few cents back in 2009 to $20,000 in 2017, many investors will look at the historical price increase of Bitcoin and think they have ‘missed it’.
This couldn’t be further from the truth in the eyes of a growing number of prominent investors and macro figures such as Raoul Pal, Paul Tudor Jones, Stan Druckenmiller, Mike Novogratz and Anthony Pompliano who are all in agreement that we are at the start of another boom cycle in Bitcoin which could drive the price anywhere from $100k-250k in the next few years.
I created the below animated video which looks at their investment case for Bitcoin through the lens of 3 key components:
The Macro Backdrop
The Demand Side
The Supply Side
Check out the video by clicking on the image below: