Lark Davis: BTC expects 15-fold increase from current price! It will cost $ 550,000

Lark Davis is bullish

Analyst Davis wrote his tNearly 400,000 followers on Twitter say that BTC is ready for meteoric growth. In the coming years, the BTC price tag should reach six-digit dollar values, significantly. According to the investor, the price will exceed half a million dollars.

It states:

“BTC will compete with the market capitalization of gold this decade. That’s 15 times the current price, which means a unit price of $ 550,000 for BTC. “

Better than gold

Davis’ arguments are also supported by a recent statement Mexican billionaire Ricardo Salinas Plieg. He said that the key cryptocurrency is “gold for the Internet era.” In fact, Davis goes a step further and basically says that BTC is better than gold.

“BTC is the new gold, the gold for the Internet era. One of the richest men in the world, Ricardo Salinas Pliego, agrees. “

said the analyst, adding that he found some advantages of BTC over gold. These include its scarcity and divisibility.

“Another mega important aspect is that BTC has a verifiable and firm maximum offer. For gold, there is no way to audit all the existing gold mined on Earth, let alone the gold not found on Earth and the total amount of gold in space .. which will be a lot…

BTC can be easily divided into 100 million individual units. That is 1.00000000. Gold can theoretically be divided into small fractions, but if you don’t carry a bag of gold dust, it’s hard to do. Standard units of gold are ounces that cannot be easily divided. “

Acceptance by the general public will be crucial

Front the cryptocurrency is ahead of gold in terms of use, says Lark Davis. At the same time, he encounters the widespread adoption of BTC, which, according to him “It’s growing exponentially.”

“Traders around the world are accepting BTC and others are connecting all the time. Gold is primarily a tool for investors, central banks and industry. There are almost no payments for things in gold. “

Conclusion

At present, the demand for Bitcoin and other cryptocurrencies has decreased. In other words, many investors who until recently were willing to buy for 60 thousand are not interested in BTC for 35 thousand USD. However, Davis believes that both of these values ​​will fade compared to the price BTC will achieve during this decade.

“Imagine being able to buy gold before it reaches a market capitalization of $ 10 trillion. These are now Bitcoin. “

Please note that the article is not an investment board and it is not possible to transfer responsibility for your financial decisions based on it. Do your own research!