Bitcoin’s cycle gains averaged 900%; here’s next price target – Greg King
Bitcoin is still in a rapid adoption phase, with the peak of the current cycle at $200,000, said Greg King, founder and CEO of Osprey Funds.
“I think we’re in a natural consolidation phase. Our view is that Bitcoin is in a bull run. It’s sort of in its fourth of fifth big bull leg of Bitcoin. If you look at it historically, as it’s gone through phases of adaptation, it puts in an all-time high that holds for at least 200 days, and once that happens, when that all-time high is pierced again, which we just had in November at $20,000, on average, the next bull run is a 900% return,” King said.
0:00 - Bitcoin price cycles
3:26 - Bitcoin as a currency
5:00 - Bitcoin's intrinsic value
6:22 - Osprey Bitcoin Fund
12:22 - Bitcoin derivatives markets
15:38 - Bitcoin's recent price action
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Bitcoin is still in a rapid adoption phase, with the peak of the current cycle at $200,000, said Greg King, founder and CEO of Osprey Funds.
“I think we’re in a natural consolidation phase. Our view is that Bitcoin is in a bull run. It’s sort of in its fourth of fifth big bull leg of Bitcoin. If you look at it historically, as it’s gone through phases of adaptation, it puts in an all-time high that holds for at least 200 days, and once that happens, when that all-time high is pierced again, which we just had in November at $20,000, on average, the next bull run is a 900% return,” King said.
0:00 – Bitcoin price cycles
3:26 – Bitcoin as a currency
5:00 – Bitcoin’s intrinsic value
6:22 – Osprey Bitcoin Fund
12:22 – Bitcoin derivatives markets
15:38 – Bitcoin’s recent price action
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook – https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter – https://twitter.com/kitconewsnow
StockTwits – https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
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In 5 years bitcoin will be 99 times priced then now at 5 million usd
Wow, I truly admire these gentlemen and can listen to them all day. Incredible intelligence!
Anyone know if the host holds any btc?
David posed a great question in regards to the crypto market being flooded with alts that have superior tech and use case and the possibility of claiming a huge chunk of that money influx. Like many bitcoin holders, Greg completely ignored the question about the alts. From an investment point of view it makes sense, once people stop seeing BTC as the end all be all of crypto, it will lose its position as wel as bagholders money. I hold BTC, but to think it can never be replaced is insane. There are so many major flaws with BTC that when institutional investors start researching, I am sure they will at the minimum diversify heavy, as should anyone inverting in crypto. That being said, crypto is far from maturing, the tech and its possibilities are still in its infancy.
The value of Bitcoin is in the robustness of it's network and the trustless nature and fairness in which it functions.
Where is the sweat equity in bitcoin?
Invite Charlie Lee please 🥺
Why previous post. Shows no longer available?? Who removed
Stocks are good but i swapped and invested in forex and Cryptocurrency since then, I've been earning much more alot from it
Looking swank David
Note how he didn't refute the assertion of the inherent value of bitcoin being zero with any actual facts.
Altcoins are just trash testing grounds… Anything an alt like ETH can do Bitcoin can do better with its layer 2 and layer 3 networks,, best to keep the main blockchain as pure money.. Lighting network – Satoshi network
NOBODY in the whole world wants a Bitcoin ETF,, buy and hold real Bitcoin not fake paper contracts you fools.
I think $200,000 per BTC this bull run is reasonable then 10m+ by the 2030s
IT BEGS THE QUESTION: Will there ever be a better crypto alternative to Bitcoin? The Ford Model T car is now obsolete. In fact, the Ford Model A car made the Ford Model T car obsolete. Therefore, will Bitcoin become obsolete too?
They doubted when it was $20, $150, $10000….. Paper Printing press non stop $1M Bitcoin inevitable
Great interview. Man, I remember not even a year ago KITCO was at 120k subscribers. Congratulations on the growth!
Fedcoin soon
Gary Gensler, President Joe Biden’s pick to head the Securities and Exchange Commission (SEC), told Congress Tuesday that the “greater challenge” in bitcoin and cryptocurrencies is protecting investors. “Some markets have been really rife with fraud and scams,” UH OH, federal government intervention!!!
As the price of Cry|pto is currently trending in a slightly negative direction generally, don’t take anything away from Bit coin because corrections appear frequently in a bull mar|ket as a "reset" before continuation. This is organic and healthy and offers a good oppo rtunity for tradrs and investors to buy the dip. I have been in the cry|pto world for just over a year now and I have been able to make 31 βͲ↻ foIIowing the reasonable adv!se and tradn s!gnals from Lee Gerson, a pro anaIysis that is always one step ahead of other tradrs, he runs a program for serious minded investors/newbies who are curious to e arn from bit coin regardless of the current price chart. You can easily get to Lee on Եҽlҽցɾαต @ leegerson ահαԵsαթթ + 1 5 1 0 4 8 5 0 8 8 0
Dude, adoption means when the world as a whole adopts it. We haven’t even gotten started. Get real interviewer!
Chinese bitcoin mining hub is shutting down its cryptocurrency operations. Too much power!!! Global Warming!!! Democratic Party will shut down American cryptocurrency too.
F2Pool are the ones dumping the price, please watch George on CryptosRUs, he exposes the whole thing. They dumped it today when it hit 50k.
Investing in crypto is the only big chance of making money
buy litcoin it's better than bitcoin, right now cost only $ 170 dollar , there is only 80 million litecoins for 21 million bitcoins ( LTC=$170, BTC=$50.000) so X10 is possible for March plus Litecoin transaction time is four times faster than Bitcoin's
AlgorithmFood!