Bitcoin is now "too important to ignore", says Deutsche Bank [Today!]

[michellee]

With bitcoin marketcap surpassed $1trillion and still stay above that for several days, Deutsche Bank analysist said like that.

What will be happen next with Bitcoin?

With so many great things that is happening in the market, and on Bitcoin it's hard to keep up with great things it exceeded beyond my expectation, this year is the biggest year since Bitcoin was traded, what can we ask more, Bitcoin is going to the moon my only wish is those other altcoin will also improve, I should have 100% of my portfolio to Bitcoin

Yes, it is. With what happens to bitcoin now, many people will attract to bitcoin, and they will start investing in bitcoin. It can help the adoption process grow fast from this year, especially when some big companies already invest in bitcoin. We will see bitcoin going to the moon, and the altcoin will follow behind bitcoin and give us the biggest profit again.

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[jaberwock]

What will be happen next with Bitcoin?

To reach a higher ATH, bitcoin still need a lot of support from private investor, institutional investor, and trader. The bitcoin community is still hoping for the price to hit $100K this year or as early as 2022. But it's uncertain now what will happen next. A minor correction happened today, which I think is normal.

That hope is the thing that is keeping us alive, without that hope bitcoin would have been down already. Back in the day when we reached 20k people didn't talk about 50k or 100k or anything like that as seriously as we are talking right now, we have increased so much in price that we have reached to a level where we are profiting insanely, and that is why I think we should be focusing on doing whatever we can to not go all in and ruin ourselves right away but do DCA instead.

Buy bitcoin with equal shares for 50 days for example, once a day for 50 days, that way you will have an average price. Many people put all their money into bitcoin all at once and they end up losing when the price goes down and they end up panic selling and making a loss, that is why people should use DCA to make sure they still get in but do that with a bit more care.

[LUCKMCFLY]

It is interesting, because they emphasize only the short term, they have some mistrust due to the lack of liquidity, it is normal, a bank always plays it safe, safe and backed actions, now with all the investment that has entered Bitcoin, such such as Paypal, Microestrategy, among others, has increased trust even for these banks.

They do not talk about the long-term investment of BITCOIN, they only say that it will continue to grow in price despite the volatility, what do they want to convey to us? Simple, that the long-term price will be very large, although Bitcoin is not backed by gold or any other currency, it is different and may be considered as a safe saving, almost as a safe haven, and if a bank recommends it, It means that you want to attract people for the investment of Bitcoin and have support.

[slapper]

Well, the significant growth in the price of bitcoin makes it so tempting that no one wants to skip this cake even if they work with the traditional monetary system. This combination will surely make a move in the price of bitcoin which will add more liquidity to the market and make bitcoin more stable while staying at this high peak.

Bitcoin always shocks me. If my prediction was corrected, bitcoin would be around $35000 at this time. But I guess bitcoin is such a notorious that no one can foresee the potential

Let's wait and see bitcoin shine. And if it is possible, the collaboration between the bank and the blockchain undoubtedly enhance the power of online transaction. And as the result, global economy will develop with an astonishing speed

[darewaller]

I do agree with it, think about it governments and so forth protect banks a lot and what is their excuse? If banks collapse (even if they do something that deserve it) that would cause a lot of people to collapse as well and bankrupt, so saving banks would equal saving a lot of people and their money.

I do not agree with that, I think banks should collapse and bankrupt if they can't run their business properly and if people are hurt by it, let them be hurt now and they will be saved later because without those banks and their shady business people will get better in the future. Bitcoin reached to that level, not that any government would save it, but corporations invested so much money into it that I think they may end up paying a lot to keep it high, they can't afford it to go down and this will get bigger and bigger in the future as well.

[dimonstration]

With so many great things that is happening in the market, and on Bitcoin it's hard to keep up with great things it exceeded beyond my expectation, this year is the biggest year since Bitcoin was traded, what can we ask more, Bitcoin is going to the moon my only wish is those other altcoin will also improve, I should have 100% of my portfolio to Bitcoin

When we trade we should not only rely on bitcoin, there is a need to also watch out for other coins to fully utilised the popularity of crypto now, many uses this time that crypto is popular to take advantage of the market to gain profit from news, tweets and etc thru trading. We should not slip these chance since even by holding or not doing anything we can still be able to earn.

[AmoreJaz]

With so many great things that is happening in the market, and on Bitcoin it's hard to keep up with great things it exceeded beyond my expectation, this year is the biggest year since Bitcoin was traded, what can we ask more, Bitcoin is going to the moon my only wish is those other altcoin will also improve, I should have 100% of my portfolio to Bitcoin

When we trade we should not only rely on bitcoin, there is a need to also watch out for other coins to fully utilised the popularity of crypto now, many uses this time that crypto is popular to take advantage of the market to gain profit from news, tweets and etc thru trading. We should not slip these chance since even by holding or not doing anything we can still be able to earn.

though it is good to focus your investments in btc only, but still it is better to diversify your portfolio. am not saying that one day, bitcoin may suffer some bottlenecks, but you need to prepare for the worst. so just like what the simple rule of investments is telling us - never put all your eggs in one basket. this may save us one day from losing all our assets. so there's no harm in following this simple rule, whether in crypto or in tangible assets.

[arufox]

Another good news for Bitcoin and also the sign that we are still in early Bullrun, with that report many institutions will join and will make it easy to reach our target. A lot of people target 100K in this year if Bitcoin continues in good news, not just 100K but we can also reach 200K

Also, banks realize that Bitcoin is "too important to ignore". I just don't know why couple of people still ignore it

[magneto]

How can one equate "too important to ignore" to a gesture of actual approval/adoption of BTC?

Clearly, they are completely different in nature. Institutions have long recognised the importance of BTC but have pursued no particular action upon it - whilst others have even explicitly rejected BTC.

And quite frankly, who cares about what institutions say. Their involvement is not necessary for mass adoption to occur anyhow.

[Psynthax]

This probably gonna trigger those who creates regulation to put more attention into bitcoin therefore creating some kind of limitation or restriction in the use of bitcoin, that's the side effect of things like bitcoin becoming too much popular.

These bank could say that bitcoin is too important to ignore however I think they gonna just join with the crypto or trying to implement it within their system. To be frank, that's what they should do as to keep up with the advancement of technology and not being too tied with their old ways of managing money or the broken traditional monetary system.

[wheelz1200]

With bitcoin marketcap surpassed $1trillion and still stay above that for several days, Deutsche Bank analysist said like that.

Deutsche Bank Research, the financial research subsidiary of global banking giant Deutsche Bank, issued a report devoted exclusively to Bitcoin, titled “The Future of Payments: Series 2 Part III. Bitcoins: Can the Tinkerbell Effect Become a Self-Fulfilling Prophecy?”

In the 18-page study, Deutsche Bank Research describes the basic characteristics of Bitcoin and analyzes the key drivers of its historical price growth to a $1 trillion asset.

Deutsche Bank analysts suggested that the Bitcoin price “could continue to rise” further as long as asset managers and companies continue to enter the market. The firm emphasized that central banks and governments now “understand that Bitcoin and other cryptocurrencies are here to stay” and thus are expected to start regulating them by late 2021.

https://cointelegraph.com/news/bitcoin-is-now-too-important-to-ignore-deutsche-bank-says


We do know on yesterday Fed and Morgan Stanley also "pro" with bitcoin, with so many huge Bank supporting bitcoin (https://www.google.com/amp/s/www.cnbc.com/amp/2021/03/17/bitcoin-morgan-stanley-is-the-first-big-us-bank-to-offer-wealthy-clients-access-to-bitcoin-funds.html)

What will be happen next with Bitcoin?

Slowly but surely they will all get on board.  It wasn't to far away that every banking institution scoffed at the idea that bitcoin was even a thing.  Now look look at them all scrambling to try to get in on the blockchain thingy 🙂