Bitcoin (BTC) is ‘For Billionaires to Buy’ According to Investor
- Not Now, But at $288K
- Bitcoin (BTC) for Billionaires: Complicated Relationships
Alistair Milne, an entrepreneur and investor with 26 years of experience, recommended putting billionaires off by purchasing the flagship cryptocurrency.
Not Now, But at $288K
According to the prominent business angel, the policy of discouraging billionaires from buying Bitcoin (BTC) right now could be a smart bet.
Mr. Milne highlighted that billionaires would have to buy Bitcoin (BTC) at $288,000 during the new bull cycle. The exact price figures ($288,000) are derived from the updated ‘stock-to-flow’ over-bullish model by trader and analyst PlanB.
So, it looks like he has considered an invasion of Bitcoin (BTC) by billionaires to be inevitable.
In Peter McCormack’s What Bitcoin Did podcast, PlanB announced that the price of the coin king will reach an insane level of $288,000 during the 2020-2024 market cycle.
Bitcoin (BTC) for Billionaires: Complicated Relationships
Among the rich cats within the western financial world, there is a lack of consensus regarding the prospects of Bitcoin (BTC). For example, intellectual-billionaires Ray Dalio and Nassim Taleb disagree on Bitcoin’s real value.
While Mr. Dalio insists that the adoption of Bitcoin (BTC) will never ‘possibly never’, the author of the ‘Black Swan’ is sure that crypto and Bitcoin (BTC) are excellent instruments for emerging economies.
The situation among high-tech moguls is similar. Twitter’s Jack Dorsey and Facebook’s Mark Zuckerberg are optimistic about crypto and blockchain. Mr. Dorsey is one of the vocal evangelists for adopting Bitcoin (BTC).
At the same time, Bill Gates blamed Bitcoin (BTC) for terrorists funding and drug deaths.