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“Bitcoin is Going MUCH HIGHER Than $300,000” | Douglas Borthwick CMO of INX

Bitcoin is Going MUCH HIGHER Than $300,000″ | Douglas Borthwick CMO of INX



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7 Comments

  1. Like any good Redditor, I didn’t see the video, just the headline… but I agree. I don’t think it will happen for a few years, likely not this run, but it should happen.

    This is not financial advice as I am not a financial adivsor.

  2. My total softcap estimate of btc is around 750k, which I’m basing it on half of the market cap of gold (based on these days metrics)… there are plenty of points of why it could go much higher, but 750k is where I think price gains and volatility start to go down…

    I doubt it will reach 750k this bull run though…

    Oh yeah, these are my speculations hahahaha…

  3. I love how he uses bank transfers as an example. Sent my dad a wire a few months ago, Bank of America charged me $45 to send it and Wells Fargo charged my dad another $25 to receive it in his checking account.

    The bank’s cost? Less than a nickel. ($.05 for non-Americans) “Banks are charged a gross transfer fee of $0.82 for every transaction, however there is a three-tiered discount schedule, which results in actual transaction fees costing between $0.034 and $0.82 per transaction depending on transaction volume. ”
    https://en.wikipedia.org/wiki/Fedwire

    Bitcoin will hit banks right where it hurts most, their ability to charge outrageous fees and markups.

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