$ 180,000 bitcoin: the scenario of a new American research institute

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The Weiss group, an American research and investment institute, is seriously considering Bitcoin at $ 180,000. Between growing interest from institutional investors and potential gold replacement, the world of cryptocurrencies has just found a new heavyweight preacher.

Institutionalization at the heart of the challenges

The American research firm, in an article published on June 17, believes that institutional investors have understood the characteristics of a decentralized currency.

“The financial world is awakening to the real potential of Bitcoin as a safe haven. The growing demand for products such as Grayscale Bitcoin Trust is a sign of strong institutional interest. ”

The report finds Bitcoin to be the only credible candidate in the ecosystem that can absorb a mass of institutional capital, largely thanks to already large capitalization.

Bruce Ng, financial analyst at Weiss, said that Paul Tudor Jones's thunderous entry had caused a real change in attitude among fund managers. They are no longer afraid of damaging their reputation when they submit the idea of ??integrating Bitcoin into an investment portfolio.

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A new defender of gold 2.0

For centuries, investors have lost confidence in fiat currencies and have often turned to gold to save their wealth.

Although still used as a bulwark against inflation, the report stresses that Bitcoin is "the store of value with the most speculative potential, in an environment where central banks adopt an expansionist attitude."

The study authors claim that the digital currency is much better than its physical counterpart in terms of "portability" and "functionality". The flow of investors will therefore be immense once they have grasped the real advantages of Bitcoin compared to gold.

The total market capitalization linked to gold is around 9 trillion dollars, the report mentions that "if Bitcoin captures only a third of the existing market, a token will be worth $ 180,000, or 20 times the current price . ”

Institutional education seems to be the key to a new record that would place digital gold well above the $ 100,000 mark. The road traveled since 2010 is extraordinary, and Bitcoin's technological advances make it a credible candidate for the new “gold 2.0”.

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