“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
Our team has decided to increase our position in Bitcoin and Ethereum. We feel there was an overreaction in the Market and that the RSI levels provide a golden opportunity to get Bitcoin and Ether at a substantial discount.
We know that there is 16.5 Billion Bitcoins in circulation. We know it will eventually be capped at approximately 21 Billion Bitcoins. Now brand new data suggest that there are currently only 300,000 people who hold more that $5,000 worth of Bitcoins. With a global population of 7.4 Billion people those that control at least one Bitcoin could one day have tremendous power. Just in the next five years we predict it will be 5% of gold and be valued above $25,000. In regards to Ethereum it is following Bitcoin. When Bitcoin goes up so does Ethereum.
We decided to increase our position on the news from China. The reason for this is we believe this news will not be permanent. Just like in the past China will issue tougher regulations so they have more control and oversight of the market. However the country knows that they can not prevent the rise of Bitcoin. After all they only control 15 percent of the entire market. Why would they allow their rivals in Japan and Korea jump ahead of them. China Communist government just likes having control. Once strict protocols are establish for ICO's they will be satisfied and they will again allow Bitcoin to thrive.
Additionally this is my personal opinion. There is a misunderstanding with cryptocurrency. This technology can do so much good for the world. How about the recent disasters of Hurricane Harvey and Hurricane Irma. How are the atm machines going to reload? Last time I checked cars can't drive 10 feet under water. Let's wire our families or friends money they need right now. The unreliable bank will only take 3 to 5 business days for them to buy food or water. I wonder how long Bitcoin or Ether would take?! How about a few seconds! This technology can be used to solve global hunger and provide universal income. It provides those in corrupt government to have access to financial stability. The blockchain prevents inflation! The US can constantly print unlimited amounts of dollars. It cost bitcoin miners $1,000 to mine just 1 BTC. These graphic cards and electricity are not cheap. Also if we are talking about counterfeit money and corruption look at how often the US dollar is counterfeited. Well guess what, it cost 1 Billion dollars to make just one fake Bitcoin. Now which one is more secure?
These are our price projections in 2022.
Bitcoin will be $25,000 and Ethereum will be $3000. The US dollar 90 cents.