“Ultra Rich Will Be Interested In Bitcoin”

“Ultra Rich Will Be Interested In Bitcoin”

By Frknzz | kriptocum | 20 May 2020


While Bitcoin is trying to exceed the $ 10,000 resistance level, Plan B, a leading analyst and creator of the stock-to-flow model used to estimate the price of Bitcoin (BTC), said he believed that ultra-rich people would soon be interested in Bitcoin. The analyst stated that when ultra-wealthy people are interested in Bitcoin, leading crypto money adoption and price will increase.

Ultra Rich
Currently, the net assets of ultra-rich people around the world are known to be over $ 30 million. Based on this situation, the analyst states that the mentioned people will not only buy 1 or 2 BTC, but also make a much larger amount of purchase.

In such a case, as the analyst stated, both Bitcoin adoption and BTC price will be affected positively.

With Bitcoin and XRP in Bitmex, you can trade up to 100 times leverage with a 10% commission discount advantage from this link.
According to Plan B, even if only 10 percent of the ultra-rich people start to deal with Bitcoin, a visible positive effect can be created again.

“It is better to buy Bitcoin”
In a statement made on Twitter, a podcast presenter and co-founder of the Ministry of Nodes, Stephan Livera, mentioned the government's purchase of bonds and the monetary expansion policy implemented by the FED through constant money.

As is known, the Federal Reserve, which is the central bank of America, tries to keep the economy afloat by printing a large amount of money to correct the bad economic situation caused by the epidemic. At the same time, the US is trying to support the economy by purchasing bonds.

Addressing this in his statements, Livera says he believes buying BTC is much better than "financing criminals."

How do you rate this article?

1



kriptocum
kriptocum

Hi, I'm going to share some great articles here. Come join me.

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.