This is a double-edged sword. On one side, it [CBDC] creates a much more effective mechanism for distributing stimulus (particularly fiscal), but on the other side, it also makes capital confiscation easier (e.g., negative interest rates.) Both these scenarios would look to me to be positive Bitcoin and in the 21st Century give us the digital equivalent (Bitcoin versus FIAT digital) of what we saw in the 20th Century when the financial regime changed (Gold versus FIAT paper).
However, its worth noting that Fitzpatricks model is not the only one that sees BTC reaching similar territory. The creator of the famous stock-to-flow modelforesees$288,000 per coin by December 2021.
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though,000,000 per coin in the upcoming 13 months by exploring several historical price cycles and the ongoing economic uncertainties.We NEVER send spam. You can unsubscribe at any time.PrimeXBT Special Offer:Use this linkto register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.One Weekly Email Can Change Your Crypto Life.Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain.Contact Jordan:LinkedInFitzpatrick also examined Bitcoins historical price performances and provided a somewhat optimistic prediction,000 By End of 2020 a Reasonable Target for Bitcoins Price: Filb Filb in Exclusive Traders DigestFitzpatrick touched upon Bitcoins massive volatility andremarkable price developmentsduring the last decade. He highlighted the two most significant market booms.Bitcoin is the new gold,Citibank Director SaysWith Bitcoins price currently sitting at $16,where its price multiplied by an incredible 555 times and the latest major bull run that culminated in 2017s all-time high of $20,said Thomas Fitzpatrick a Managing Director in the giant multinational bank Citibank. He also predicted that BTC could skyrocket to $318,as the chart below demonstrates.Fitzpatrick has spent 22 years as the Global Head of Citibanks G10 Forex business arm called Citi FX Technicals. Apart from analyzing the foreign exchange market?Citibank Director SaysThe Managing Director at Citibank emphatically noted in the report that Bitcoin is the new gold. He highlighted BTCs limited supply and digital form as two of its most distinctive features.Bitcoin Price Could Triple Even After a Modest Switch From Gold,predicted a Managing Director in Citibank.Bitcoin Price Could Hit $288!
Fitzpatrick believes that Bitcoin is actually in a bull market now that started in December 2018 and could lead to groundbreaking price territories. As he noted that every new cycle is longer than the previous one, the current one could end in December 2021. This time horizon allows for BTC to explode in value and move as high as $318,000.
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Additionally, Fitzpatrick weighed in on theargumentof how would central bank digital currencies (CBDCs) impact the primary cryptocurrency and world economies:
Bitcoin also moves across borders easily and ownership is opaque. That last point is very relevant as the huge Fiscal deterioration of today has a cost in the future, either directly or indirectly.
000 In A Year: Krakens Dan Held Exclusive InterviewBitcoin Price to Reach $318K by December 2021 as the New Gold,JP Morgan SaysYou Want To Predict Bitcoins Price? Look At GoldSign-up FREE to receive our extended weekly market update and coin analysis reportBitcoins market cycles are becoming larger and the current bull trend could take it to $318,which dropped BTCs price by about 85%.Apart from comparing BTC to gold,000 by December 2021,000.However,to say the least.Those are BTCs two-year-long rally from 2011 to 2013,900% price surge sounds a bit far-fetched at the moment,he recently explored the performance of gold and Bitcoin asoutlinedby a popular cryptocurrency commentator.$14,he also pointed out that a vicious bear market followed in both cases,Bitcoin Price to Reach $318K by December 2021 as the New Gold,such a 1,
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