Bitcoin on Track for $307K by Start of 2022, "It Won't Take Much" – Robert Breedlove Makes the Case
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Popular Bitcoin philosopher and host of the What is Money Show, Robert Breedlove is not backing away from his bold call for bitcoin. Breedlove says that despite the recent price hurdles the crypto has experienced, it is still on track for $307,000. While he was previously projecting it to get there by October, he has now moved his forecast to Q1 of next year.
He explains the trajectory to our Daniela Cambone. In an even bolder call, he says that over the next ten years the crypto will climb to $12.5 million in nominal terms, which would be $1 million in inflation adjusted terms.
#bitcoin #cryptocurrency #investing
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Vídeo
GOOD PREDICTION …….46K INSTEAD OF 3OOK……
Ooohhhhh, he may hash he missed on the prediction..
"Tailwind" not "Headwind" 4:45
Headwind is something that opposes you.
Cool. I just incorporated the question: "Why Do We Need Bitcoin" into my Bitcoin/Blockchain materials I'm preparing for a Workshop.
He already missed his October deadline. Like I said in a comment on that video: At $62k it has a Marketcap of just over $1Trillion. At $307k it will need a marketcap of over $5Trillion. That isn't going to happen in a couple of months. And if I'm wrong then I will be very happy.
The government allows you to pay your taxes in dollars though. It seems to trust this means of exchange for its own receivables. Go figure
Why do we need Bitcoin? Pause tape and answer. Because when civilization first formed, people gathered they bartered for needed items, and worked. However in our specialized society, I couldn’t take my widgets I manufacture and expect my needs to match up. Secondly, since paper money was invented those that had control of it couldn’t resist clipping the coins. Thus in 300 Roman years 98% of the silver was taken out of the silver Roman coins. The USA has done the same in 80 years. Which is why my Southern California bungalow I purchased for $46,000 is now worth $509,000. And instead of renting it for $600, you would pay $2,600. Bitcoin took the clipping ( printing more paper money ) ability out of the governments. Debasing the dollars by printing only makes your Satoshi’s limited to 21 million more valuable, because it hasn’t lost value by printing more.
i love all these funny predictions: bitcoin will be $632,874 by march 24th. 307k, funny. but why do it. talk your book, oldest game in the world.
LOL this aged well.
He says nobody has a crystal ball now that he was about to be wrong. He never said that when he called 300k by October. This shows you cannot trust these so called experts.
When companies say they will accept Bitcoin, an appreciating asset for a product or service that depreciates in value I laugh. Maybe when Bitcoin grows another 200% I will convert some to cash for a bigger purchases
This guy is smoking rocks he is delusional don’t bring back these crack heads
I feel like this one of the best interviews Daniela has done in the past year. Robert is a voice to listen to. Pay attention!
Great answer to "Why we need bitcoin"
Ok, I'm a seller at $306K 😉
99% of the comments are from bots.
"While he was previously projecting it to get there by October, he has now moved his forecast to Q1 of next year." <– Um, sorry. It don't work that way. He'll say exactly the same thing on Q1 of next year.
Internet 🤔🧐😉 Talk the talk, walk the walk.
Well, 777 comment 😉 is mine
307 for 2022 ?
He said 307 for October on Kitko news. Zzzzzzz
A bunch of self righteous non contributing eggs came after Breedlove. He was such a great thinker and proponent of this ecosystem. The Bitcoin maximalists do not deserve Breedlove, they will ruin the credibility of the network by attacking the ones who actually contribute. They are almost worse than the woke, a group so useless and angry they will eventually destroy what they think they protect.
The US $ lost its manufacturing base, Bitcoin will never have one!
Already at Bitcoin $ 50,000 it is more profitable to burn electricity to mine Bitcoin instead of using it for productive output. Look at El Salvador! They might use electricity to smelt aluminium, make sodium metal, energy intensive chemicals, run electric weaving looms… and sell the products for Bitcoin, if anyone was interested in producing wealth and making Bitcoin a medium of exchange. El Salvador is never going to achieve a productive economy, Bitcoin's energy consumption is eroding any productive basis of an economy by eating away its most required basic ingredient!
If all the world put their energy resource into mining Bitcoin, how expensive have goods and services have to become to be competitive with Bitcoin mining – at Bitcoin $ 500,000, at $ 2,000,000?
04:27 Damn good coffee!
My dude be lookin like Bruce Wayne, and perhaps as wealthy one day.
Love it
Breedlove credibility got trashed bx of his actions. Tough to assign credibility to him
Am I suppose to believe that some random guy(satoshi) just made this up and gave it away to the world? No really?
Bear market will start in October. So this won't happen.
Wen my money come
"Why do we need Bitcoin?" To restore free market capitalism. Robbing savers and workers through money dillution to bailout the unproductive and wasteful (communism) makes everyone poorer.
Fantastic conversation
He's boring