Wall Street laughed at a call for bitcoin at $25,000—Market Watch Article

[Vasu Dev]

Bitcoin prices have been on a tear over the past 12 months, but one bullish market watcher says it could hit stratospheric levels in the next 10 or 15 years


“I was talking to institutions and just a few months back some were skeptical for whatever reason, now that this thing has shot up, now they are ready to listen and they are ready to buy [bitcoins],” Lamoureux told MarketWatch.

On Thursday, a single bitcoin BTCUSD, -8.30%  surpassed the record level of $2,700 before retreating back to around $2,462.57 in recent trade. That swing, perhaps, highlights the volatility inherent in the digital currency that has reclaimed the world’s attention three years after spectacularly

[Seville]

only takes one wallstreet whale to pump BTC  

[Dude.Lebowski]

only takes one wallstreet whale to pump BTC 

The dude abides!

I'm looking forward to the day we measure stock equity price in Bitcoin and not in Dollars.

[Ayers]

only takes one wallstreet whale to pump BTC 

right sir, if those wallstreet whales come to bitcoin, bitcoin would make everything else look so cheap, the pump would be insane, and value such as $100k would not be a dream anymore, i'm still waiting for those whales to make serious work with the market, we are not even start yet with this thing

[Iranus]

only takes one wallstreet whale to pump BTC 

Err where are you getting your stats from?  Last time I checked the Bitcoin trading volume is about 1.5 billion dollars per day.  It would take one crazy whale to raise the Bitcoin price more than a couple of hundred dollars, especially considering that basically none of these people are willing to put >1% of their portfolio into Bitcoin.

I sincerely hope that Wall Street aren't dumb enough to throw in money right after a price rise.  They should have analysed the tech behind it years ago and made their choice.  They can still buy in and it'll go further, but really if you're only looking for assets that already have a high price, you're probably an idiot.
 

[European Central Bank]

wall st whales don't become whales by financing mindless pumps that enrich the people already in it.

[chennan]

wall st whales don't become whales by financing mindless pumps that enrich the people already in it.

Exactly.  This run up has been has been fueled by stupid money.  It's pretty obvious to tell when FOMO has kicked into full effect and this is one of those times... Hell, Bitcoin might go back up to 2700 for all we know; but it's funded by people who don't know what they are getting themselves into.  Whales on wall street absolutely know what they are doing and can read markets... they know when to buy the dip... this is primarily the reason why they are whales in the first place.

It's going to be a very rocky and crazy ride for at least 6 more months.  Whether we go up or down is still up for speculation, but I wouldn't be day trading on Bitcoin though since it is pretty certain there will be some violent volatile movements in the market with so much stupid money in play.

[olushakes]

Bitcoin prices have been on a tear over the past 12 months, but one bullish market watcher says it could hit stratospheric levels in the next 10 or 15 years


“I was talking to institutions and just a few months back some were skeptical for whatever reason, now that this thing has shot up, now they are ready to listen and they are ready to buy [bitcoins],” Lamoureux told MarketWatch.

On Thursday, a single bitcoin BTCUSD, -8.30%  surpassed the record level of $2,700 before retreating back to around $2,462.57 in recent trade. That swing, perhaps, highlights the volatility inherent in the digital currency that has reclaimed the world’s attention three years after spectacularly

Wall street could be a thorn in the flesh and could also be discouraging because they never hoped in the future as most of them are concerned with short term return on investment any other reason is secondary. Aside that, they are also moved by marginal movement but a steady one in other to make their job easy by their historical analysis in bitcoin has defile more than once. But hopefully in the near future they get to see what other have seen before becoming reality.

[abubakrrali]

regardless of me being a full bitcoin enthusiast this prediction is more than I would dare to expect in the current time, I'd say somethin along the range of ~$3000 can be reached but more than x8 that it would be so hard and almost impossible to rationally predict right now.

[bitcoin199]

They just say this, I think bitcoin will get enough price and rises completely and even reaches these limits that people consider as impossible to raise to or get. Bitcoin keeps rising as people continue to buy it and keep it.

[eagleman]

only takes one wallstreet whale to pump BTC 

Well it's true and I hope that one of them will pump btc very soon.

[Slark]

only takes one wallstreet whale to pump BTC 

The dude abides!

I'm looking forward to the day we measure stock equity price in Bitcoin and not in Dollars.

I thought about the same thing. So far dollar, euro or other top fiat currencies are benchmarks of purchasing power.
Bitcoin is on the side track of global economy for now it is more like an alternative to fiat powered economy.
Will it be possible for BTC to ever be truly a mainstream 'product'? A standard or point of reference to which we will compare every other crypto and fiat?