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The Wolf Of All Streets
Bitcoin Is Crushing Gold: Here’s Why $250,000 BTC Is Closer Than You Think!
Dec 18, 2024
James Butterfill, Head of Research at CoinShares, and Marcus Thielen from 10x Research dive deep into Bitcoin's impressive performance against gold and the predicted surge to $250,000. They discuss Bitcoin's resilience during market corrections, catalysts for future growth, and its evolving perception among institutions. Chris Inks reveals intriguing trades in crypto and beyond, highlighting Bitcoin's role as a store of value versus Ethereum's tech stock allure. The trio also reflects on developer activity in blockchain and current market trends.
51:54
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Quick takeaways
- Bitcoin is outpacing gold as a preferred investment, evidenced by its all-time high in the Bitcoin-gold ratio.
- Institutional interest in Bitcoin is growing rapidly, highlighted by significant inflows into crypto-focused exchange-traded products.
Deep dives
Bitcoin's Surge Over Gold
Bitcoin is rapidly asserting its dominance over gold, as evidenced by its reaching an all-time high in the Bitcoin-gold ratio. This trend suggests that Bitcoin's increasing popularity is resulting in significant capital inflows, shifting investments away from traditional assets like gold. There is speculation regarding a potential price target of $250,000 for Bitcoin as it captures more of gold's market share, which indicates a widespread belief among investors that Bitcoin's value could rise dramatically. Factors influencing this growth include favorable market sentiment and positive developments in Bitcoin-related regulations, making it an attractive asset for both retail and institutional investors.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode