Dan Tapiero is one of the Co-Founders of a gold company (called Gold Bullion International) and he happens to be quite bullish on Bitcoin’s prospects against the ever-trusted precious metal in the near and distant future. Tapiero believes
Bitcoin will soon be worth 20 times
what it is now and vastly outpace the price appreciation of gold.
Tapiero says he sees institutional investors putting up to 15% of their capital in Bitcoin . He says that if the price of gold doubles in the next five years it will be worth about $4,000 USD per ounce and that Bitcoin should be worth anywhere from $300,000-$500,000 over that stretch.
More Reason To Be Bullish About Bitcoin
It wasn’t too long ago that options traders gave Bitcoin less than a 6% chance of reaching $20,000 USD by the end of this calendar year. Yet here we are with the price well over $19,000 USD at the time of this writing. With the price of Bitcoin and all other cryptocurrencies for that matter continuing to skyrocket, you know there have got to be more reasons to be bullish than ever before.
Bitcoin Is A Trending Topic Once Again
Google searching Bitcoin for the day’s top news is something we do here every single day at Netcoins, but that’s not the only way to see what major news outlets are saying about the world’s most valuable cryptocurrency. Google Trends is another great tool that shows how often a given search term is looked up over time. Bitcoin’s search volume is
right now.
Traditional Payment Services Are Starting to Cash in on the Bitcoin Fun
Blockchain investment fund
that most of the remaining supply of Bitcoin are being purchased by customers of payment providers Square and PayPal. With fewer than 3 million Bitcoin available in circulation right now, it’s obvious that these two payment providers are following an ‘if you can’t beat them, join them‘ philosophy. This is actually good news for our Netcoins customers who got in early as cryptocurrency is becoming more and more accessible than ever before.
Given there are so many reasons to be optimistic about what’s happening right now, you should consider opening a free account with us and getting your hands on some cryptocurrency if you haven’t already.
Thanks for reading. For more blogs on all things in Bitcoin, you can read more here.
If you’re looking to buy Bitcoin in Canada, find out how here.
Written by: Jack Choros
Writer, content marketing at Netcoins.
The information provided in the blog posts on this platform is for educational purposes only. It is not intended to be financial advice or a recommendation to buy, sell, or hold any cryptocurrency. Always do your own research and consult with a professional financial advisor before making any investment decisions. Cryptocurrency investments carry a high degree of risk, including the risk of total loss. The blog posts on this platform are not investment advice and do not guarantee any returns. Any action you take based on the information on our platform is strictly at your own risk. The content of our blog posts reflects the authors’ opinions based on their personal experiences and research. However, the rapidly changing and volatile nature of the cryptocurrency market means that the information and opinions presented may quickly become outdated or irrelevant. Always verify the current state of the market before making any decisions.
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