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2024
December
5
📰 #BITCOIN EXTENDS GAINS TO BEYOND $103,000
News
📰 #BITCOIN EXTENDS GAINS TO BEYOND $103,000
December 5, 2024
Frank
#BITCOIN EXTENDS GAINS TO BEYOND $103,000
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📰 $TSLA: GUGGENHEIM RAISES TARGET PRICE TO $175 FROM $156
📰 #BITCOIN TO REPLACE GOLD OVER NEXT DECADE, SAYS BERNSTEIN Bernstein predicts Bitcoin will replace gold as the leading ‘store of value’ over the next decade, becoming integral to institutional and corporate finance. Analyst Gautam Chhugani’s note followed Bitcoin reaching $100,000, with a 141% yearly increase, much of which occurred post the U.S. election due to anticipated crypto-friendly policies from the Trump administration. They forecast Bitcoin could hit $200,000 by late 2025. D.A. Davidson’s Gil Luria also views Bitcoin as an appreciating asset with low correlation to inflation, unlike gold, suggesting its value is driven by adoption rather than traditional economic indicators. However, he notes Bitcoin’s journey to becoming a mainstream medium of exchange and unit of account is still long. https://t.co/AKMtqMiQyF
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