A recent report from Citibank noted that Bitcoin could be worth as much as $318,000 by December.
I personally believe $100,000 per Bitcoin is inevitable by the end of 2021.
And while $318,000 is towards the upper end of my short-term price targets, it’s certainly attainable.
A lot of people have been asking me why Bitcoin has been going up lately.
The answer is surprisingly simple: It’s a function of supply and demand.
You see, the market is beginning to feel another “supply shock” as the number of new Bitcoin mined per day cut in half for the third time on May 11, 2020.
These are known as “halvings” and the last two times this happened, massive bull markets ensued over the following 12-24 months (hence the start of the bull market now and the $318,000 prediction by December 2021).
Halvings, combined with Bitcoin’s finite supply of 21 million units, are what makes Bitcoin deflationary relative to inflationary government money being printed at free will in an unlimited fashion…
But while most people are talking about Bitcoin, they’re missing out on potentially larger gains from “altcoins,” which could potentially be the “next Bitcoins.”
Altcoins are “alternative coins / cryptocurrencies” to Bitcoin that typically rise when the price of Bitcoin rises.
While Bitcoin is up 129% year-to-date, the largest altcoin in the world, Ethereum, is up 355% – just as one example.
And there are certainly other altcoins with higher returns than Ethereum.
NEXT: Urgent Alert: The Next Bitcoins
Weiss Ratings
Three years ago, we turned the crypto world upside down when we released the first-ever ratings of cryptocurrencies.
Now, we’re doing something even bigger.
We’ve developed a shortlist of rare cryptos that could be among the next Bitcoins.
They won’t replace Bitcoin.
But collectively, the next Bitcoins have the potential to create greater wealth for investors than Bitcoin ever has… or probably ever will.
I’m talking about rare cryptos that are still virtually unknown but are already competing with a growing share of the largest industry on earth — banking and finance.
Billionaire Mark Cuban says, “banks should be scared.”
Brian Brooks, former U.S. Comptroller of the Currency says it’s “one of the great forces reshaping financial services.”
All you need is a few hundred dollars to get started, and it could make a significant difference in your life.
If you’d like to find out more, watch my video now.
