Former Bank Executive Believes Bitcoin Will Exceed $100,000: Here's Why

Chatting with a former bank executive based in Hong Kong, he believed that Bitcoin will exceed $100,000 because:

1. Everyone is actually very anxious and insecure now, especially the wealthy class, who are worried about the shrinkage of their assets and the sharp decline in asset value due to some uncontrollable factors (war, geopolitics), so in fact, the entire wealthy class in the world is Seek high-quality investment targets;

2. Throughout history, the U.S. dollar has continued to depreciate, while the value of gold as a hard currency linked to the U.S. dollar has increased. There are many associated problems when buying gold. How to transport it and where to store it are relatively inconvenient. However, digital gold does not have these problems;

3. Bitcoin has a trading history of more than 10 years since its birth in 2009 and has always been in the market. It has sufficient liquidity and widespread recognition. It has become a relatively safe and stable investment target that can be held for a long time;

4. After the adoption of the Bitcoin ETF in the United States, its recognition has been further recognized by the world’s most powerful regime. Investors of any level can easily purchase any share of Bitcoin assets with legal currency, which is built on a sound and Under the strict U.S. legal system, investors are relatively guaranteed, fully compliant, and do not require complicated operations, which greatly lowers the threshold for purchasing Bitcoin and will inevitably increase demand;

5. Bitcoin is about to be halved, which means that miners’ costs are higher and supply is still decreasing, which is bound to have an impact on prices;

6. Everyone is actually longing for a reliable and sustainable asset without government dominance and influence, and Bitcoin exists exactly like this.

No more talking, ALL IN BITCOIN. #BTC #PEPE‏

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