Bitcoin might become out of sight for the common person to purchase within the next 90 days. Of course we can always buy portions of a Bitcoin (BTC), but to purchase a whole entire BTC may become impossible very soon. Why? Well, Wall Street is about to enter the Crypto Market.
Wall Street will finally be able to enter the crypto currency market and purchase Bitcoin by years end. The Commodity Futures Trading Commission cleared LedgerX, a cryptocurrency-trading platform, in July to offer bitcoin options by the end of the year. This will enable well over $500 Billion dollars, that have been sitting on the sidelines, to enter the crypto market. Once Wall Street enters the Bitcoin market, we will most likely see Bitcoin rise to over $20,000.00 within weeks.
Bitcoin will never again see low prices such as the recent high of $6000.00. By February of 2018, we will look back at the good old days of BTC being under $9999.00. Very soon, BTC will never again be in the 4 digit range. The story gets even more exciting or crazy depending on how you look at it.
Wall Street, deep down, has been itching to jump into crypto currency. Wall Street will get into Bitcoin just prior to Central Banks and Pension funds participating in it. Wall Street knows, that once the Crypto market hits an aggregated value of $500 Billion Dollars and higher, Central Banks and Pension Funds will flood in. When this happens (possible within 18 months) Bitcoin will be well over $80,000.00 per coin.
Here is an example of just how crazy Bitcoin's pricing will become. Bitcoin Investment Trust holds 174,174 bitcoins, which equates to a total value of about $1.04 Billion Dollars. The Grayscale fund is performing over 300% higher than Bitcoin is on the global CoinMarketCap charts. Bitcoin is up over 400% in the last 6 months but the traded fund is up over 750%. This shows that the Wall Street funds will most likely perform 300% higher than the actual physical Bitcoin market. When you have this kind of discrepancy, market physics will have no choice but to push the physical Bitcoin price upwards to catch up and maintain equilibrium.
In summary we have about 3 months left to purchase BTC before BIG institutional money gets in. Once Wall Street floods the crypto market with their liquidity and Central Banks and Pension Funds follow, Bitcoin will be 6 figures. The world community will be stunned. The global news networks will be in shock as headlines focus on the Bitcoin and FinTech explosion. I am using every opportunity that I can in the next 90 days to improve my crypto portfolio before the Tsunami hits!
image from: crushthestreet.com
reference articles: businessinsider.com 8-18-2017, marketwatch.com 9-01-2017