Here’s the Case for Bitcoin (BTC) Rise to $180,000, According to Weiss Ratings

[bbc.reporter]

Where is Tom Lee? Similar to him, the people in the cryptospace has not heard of the name Paul Tudor Jones before hehehe.

In any case, institutions are the most dangerous types of investors. They were the cause of the financial crisis of 2007 - 2008.


Paul Tudor Jones, hedge fund manager

Weiss Ratings, a US-based investment data firm, is laying out what it will take for Bitcoin to hit $180,000.

In a new review of the top cryptocurrency, the firm says the financial world is beginning to wake up to the true potential of BTC as a safe-haven asset. Weiss points to growing demand for shares of the Grayscale Bitcoin Trust as a sign of rising institutional interest.

Weiss believes the entry of billionaire hedge fund manager Paul Tudor Jones into the Bitcoin futures market shows institutions are paying increasing levels of attention to the crypto markets. The firm calls BTC the “one safe-haven asset with the most profit potential” in an environment where central banks print money at will.

Read in full https://dailyhodl.com/2020/06/21/heres-the-case-for-bitcoin-btc-rise-to-180000-according-to-weiss-ratings/

[adaseb]

I think that $180 K is way too high. Sure there are institutions coming in but unless every single fund manager buys a large share of their portfolio with Bitcoin then I don't see that figure happening especially short term.

Right now most fund managers are puzzled what to do , the stock market is rising, bankrupt companies like Hertz are pumping and kids are basically making more money than their parents. Hence markets are very erratic.

[slaman29]

Don't you think it's strange to see a certain name pop up and then when it does it sticks around for months and months until the next cycle comes and another new name comes again? Who the hell is Paul Tudor and why do we help give guys like him visibility? Any idiot can make predictions, I'm a big example. Why is Tudor more important than me?

[maenauaras]

With all trading bots that work to make the price move in limited resistance levels, all platforms, increased oversight, and a lower return on mining, $ 20,000 will be a dream. 180,000 is impossible during the current decade.
like tom lee he intended to make some fame but is not intended to be based on any analysis or other logical methods.

He said he has “just over 1% of my assets in bitcoin. ... Every day that goes by that bitcoin survives, the trust in it will go up

This statement, he may try to pay the price for optimism and win some money.

[Ulven]

180 thousand dollars a large amount, if achieved, would be good news for small investors. But we have heard the same news from major investors in the past, but the expectations were not real.
If there is a sound future vision on the part of the big investors, and they start joining the digital community, of course, Bitcoin will know prices that satisfy everyone, we must wait. Because the world is currently experiencing a real health crisis!

[gentlemand]

Weiss ratings, the operation that rated Cardano as a sounder proposition than Bitcoin. I'd be more inclined to pull the clinkers off my arse, throw them in the air and 'interpret' the pattern they make on landing.

[bitbunnny]

180 thousand dollars a large amount, if achieved, would be good news for small investors. But we have heard the same news from major investors in the past, but the expectations were not real.
If there is a sound future vision on the part of the big investors, and they start joining the digital community, of course, Bitcoin will know prices that satisfy everyone, we must wait. Because the world is currently experiencing a real health crisis!

At times feel why the price will happen to reach on such a high level when it cannot even cross 10k or 20k in those couple of years back had reached and after that still never achieved anywhere those levels. So even if it has to rise it would be limited to certain levels not like 180k or so. Also achieving 50k prices itself will be a big achievement in next 1-2 years.

I don't think that anyone believes right now that value of 180k is possible, such an exaggerated prediction is impossibe. Yes, you are right, Bitcoin is struggling to get over 10000$ and I think that such situation will continue for a while. From my perspective I don't think that 180000$ is a realistic goal so don't fool ourselves. One thing is to be optimist and think positive but the other is dream of such exaggerated values.

[LFC_Bitcoin]

With all trading bots that work to make the price move in limited resistance levels, all platforms, increased oversight, and a lower return on mining, $ 20,000 will be a dream. 180,000 is impossible during the current decade.

Another clueless noob, we were close to touching $20,000 in 2017, what makes you think it’d be a dream to equal that & go far beyond that?

The supply of newly mined coins has literally just been cut in half, the effects of that on the price haven’t been felt yet. When something of value becomes more scarce what do you think happens?

I’ll be surprised if we haven’t gone past $50,000 by 2022, banks are printing money like crazy, negative interest rates are coming. Bitcoin is the future, som! 

[FanEagle]

Seems everybody is confident about bitcoin to be performing 10x or more in coming months but this pandemic triggered economic slowdown could be playing the role to make us to think about the other way. I do not need Tom Lee nor any firm's opinion like this, I simply believe about bitcoin to be performing another 10x from current ATH or 100x from the low after ATH. Because bitcoin has proved its potential on this kind of rally last two times and nothing has changed since then for not expecting to be repeating same thing for the third time.

Unlike most other people here, I am seeing the possibilities on hitting $180k levels before end of next year. But, covid pandemic may play a spoiler role here on our speculation which may eventually delay on testing those levels but cannot completely block bitcoin from performing like these.

[Febo]

Weiss ratings were very wrong every month.  The moment when many institutional investors will start shilling Bitcoin will be dangerous moment since that will mean that their bags are full and they wait a pump to dump on those that will start hype buy.

[Harlot]

Are this people making fun with us? I mean the words "safe haven" and "most profit potential" doesn't really go in the same sentence not unless you are describing the opposite thing. Safe Haven assets are the type of assets that can stand against any kind of volatility like gold which clearly Bitcoin isn't one and yes Bitcoin can be one of the assets that has the most earning potential but clearly Bitcoin cannot be both of them since it can't be a stable asset at the same time has the most earning potential. A billionaire hedge fund clearly is a good news for us and can boost the market presence of crypto in general however I won't assume that everything will go up because of this.

[dunfida]

Don't you think it's strange to see a certain name pop up and then when it does it sticks around for months and months until the next cycle comes and another new name comes again? Who the hell is Paul Tudor and why do we help give guys like him visibility? Any idiot can make predictions, I'm a big example. Why is Tudor more important than me?

Speculations from average joe and speculations came from people who do have some notable position specially in finance industry
then its no surprising that they would really make more noise rather than us normal speculators.Yes, we havent heard up the name
and its not new that media and news source outlets would publish out these things no matter what.

180k prediction? Better if he do mind on saying that we would break out ATH soon which is more realistic compared into the recent
words that he do spit out.

[RealMalatesta]

These type of people do not get into bitcoin world or crypto world to make bitcoin go high, for that matter they do not go in to make it go low neither, they do not care about the price at all. They get in because they want to see bitcoin traded, as long as it is traded constantly they do not care about the price at all. They are the type of people who would make you lose money and go at it again and again after a while. So, I would say that bitcoin would be last of their worries, they want their commissions and as long as they get it that's it for them.

Hopefully they will not come in and destroy this market, look at stock market world it is fully filled with balloons and fake papers that actually wouldn't have worth anything but they try to make it happen so they can make profits.

[Kelvinid]

Well, I respect his prediction but in a certain thing not to believe him nor to say he was near to the facts. Everyone could be in hypes, which makes them think for an unrealistic even in the future. I have a dream also that Bitcoin will reach to $200k. But that was a dream and have nothing to believe it, maybe this person also has a dream just like me.

Anyway, nothing to be impossible but I don't know if people could have the reason also to raise the bar on this. Besides, we are confident enough about the situation we have now ($9k-$10k). Not only the pandemic causes this but because this might only the market afford to flip.

[thecodebear]

I don't think $180k will happen soon, but by the end of the decade I'd be surprised if the price hasn't gone above $180k at least once. I think the current market cycle (maybe the next couple years) $80k-$100k is more likely. Then by the time there is another peak in mid-to-late 2020's absolutely $180k or higher seems reasonable. We'll probably also see a lot of inflation this decade, which will make $180k even easier to hit, but I think Bitcoin will hit that this decade even with just normal inflation.

[Oceat]

A new name appears often every price speculation of Bitcoin when the bull run is about to happen. These people are like the so-called "boxing experts" often making a wild guess so that their names would matter but at the end of the day they don't really contribute that much. It's better to believe what you see than what you heard since you are in this market for a long time, do trust your own instinct and you will see the result will amaze you.

[exstasie]

In any case, institutions are the most dangerous types of investors. They were the cause of the financial crisis of 2007 - 2008.

You can't generalize like that. That was primarily investment banks, not institutional investors at large. There are lots of conservative institutions like pension funds, endowments, fixed income mutual funds, insurance companies, and so on. In fact I think this probably represents the majority of institutional investors.

Weiss believes the entry of billionaire hedge fund manager Paul Tudor Jones into the Bitcoin futures market shows institutions are paying increasing levels of attention to the crypto markets.

They're right about that. The $180K valuation is still rather random though.

There's no point speculating on a specific target for a bubble. Extrapolations have their limits. Each bull market cycle will differ in shape and magnitude. The level of hype and supply scarcity is impossible to predict. I could see the next bubble hitting $300K or $500K just as easily as $180K.

[TravelMug]

A new name appears often every price speculation of Bitcoin when the bull run is about to happen. These people are like the so-called "boxing experts" often making a wild guess so that their names would matter but at the end of the day they don't really contribute that much. It's better to believe what you see than what you heard since you are in this market for a long time, do trust your own instinct and you will see the result will amaze you.

It's pretty obvious that those who predicted a big bitcoin price is a whale, and using it to promote bitcoin in which ever way they can, but it doesn't mean that they are experts, after all, we are all speculators in the market.

$180k is an absurd numbers to me, we can't barely goes to 5 digits without seeing any corrections. What more seeing 6 digits in the next coming years? And the market is on a cycle, boom and bust so it will be hard to achieved it without the bubble being burst, at $10k-30K per pop.

[Wind_FURY]

A new name appears often every price speculation of Bitcoin when the bull run is about to happen. These people are like the so-called "boxing experts" often making a wild guess so that their names would matter but at the end of the day they don't really contribute that much. It's better to believe what you see than what you heard since you are in this market for a long time, do trust your own instinct and you will see the result will amaze you.

It's pretty obvious that those who predicted a big bitcoin price is a whale, and using it to promote bitcoin in which ever way they can, but it doesn't mean that they are experts, after all, we are all speculators in the market.

$180k is an absurd numbers to me, we can't barely goes to 5 digits without seeing any corrections. What more seeing 6 digits in the next coming years? And the market is on a cycle, boom and bust so it will be hard to achieved it without the bubble being burst, at $10k-30K per pop.

Then I believe $20,000 would also be an absurd number to you if someone told you to buy, and HODL during 2012?

Bitcoin has never crashed, and stayed under its 200-week SMA.

[gentlemand]

$180k is an absurd numbers to me, we can't barely goes to 5 digits without seeing any corrections. What more seeing 6 digits in the next coming years? And the market is on a cycle, boom and bust so it will be hard to achieved it without the bubble being burst, at $10k-30K per pop.

A Bitcoin with another 5-10x more users, which is very possible in a few years, that isn't at that price level would be absurd. Production is only going one way - down. The numbers who become aware of it and buy in are only going the opposite way. That only has one conclusion.

Four years ago, let alone five or more years ago, if you'd told everyone here we'd be bored shitless around $10,000 people would rip your knickers off and set them on fire. Humans always massively overestimate the short term and humongously underestimate the long term.

Leave one's monkey brain behind and drink in the bigger view.