Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead_老虎社区_美港股上老虎

Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead

cnbc2021-02-18

KEY POINTS Bitcoin has surged over the last few months and surpassed $50,000 for the first time this week. Anthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...

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Kenny77
·2021-02-21
Nice article
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2
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- AndrewL:
  Great.
  2021-02-21
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HuatMonster
·2021-02-18
Wowww
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3
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LeJundary
·2021-02-18
!
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2
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Alice156
·2021-02-18
Great[强]
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1
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新华仔
·2021-02-18
Great
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3
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Amb1tion
·2021-02-18
comment
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Blim
·2021-02-18
Why stop at 1 mil.. crazy
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1
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Raychris
·2021-02-18
The bubble is almost burst.
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1
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8d169ad
·2021-02-18
fomo
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Starbucks
·2021-02-18
Very bullish!
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2
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ZEROHERO
·2021-02-18
100k by end of 2021
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2
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Poggki
·2021-02-18
Is this why gold prices are dropping?
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MightyPooP
·2021-02-18
Limitless! Please like and comment. Thanks.
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1
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Ssimsim
·2021-02-18
Lol. sky is the limit. Really?
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1
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Vento95
·2021-02-18
Wow....... Super hyped if this happens
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1
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Favian
·2021-02-18
🐮
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4
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- Favian:
  letsgooo $SOS
  2021-02-18
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- ianch:
  😳
  2021-02-18
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WeiKeong
·2021-02-18
This is crazy!
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1
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deeplearning
·2021-02-18
Bitcoin is the future!
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1
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OldCat
·2021-02-18
Excellent
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Alice156
·2021-02-18
High return
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Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GBTC","symbol_name":"Grayscale Bitcoin Trust","start_time":0,"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","article_id":"1135489805","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","pubTimestamp":1613613615,"columns":[],"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"translate_title":"100万美元的比特币？一些分析师对此持乐观态度，但也有人警告未来的风险","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GBTC":0.9},"content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"},"commentList":[{"id":360135814,"gmtCreate":1613868268938,"gmtModify":1634552034636,"author":{"id":"3553679778150469","authorId":"3553679778150469","name":"Kenny77","avatar":"https://static.tigerbbs.com/77c5e512c4b7983d3f3075d8ec4c2f2d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3553679778150469","authorIdStr":"3553679778150469"},"htmlText":"Nice article","listText":"Nice article","text":"Nice article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/360135814","repostId":1135489805,"repostType":4,"repost":{"id":"1135489805","kind":"news","pubTimestamp":1613613615,"share":"https://www.laohu8.com/m/news/1135489805?lang=&edition=full","pubTime":"2021-02-18 10:00","market":"us","language":"en","title":"Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","media":"cnbc","summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","content":"<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin at $1 million? Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135489805","content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3622298,"gmtCreate":1613870057227,"gmtModify":1635762620054,"authorId":3571815908504020,"author":{"id":3571815908504020,"idStr":"3571815908504020","authorId":3571815908504020,"name":"AndrewL","avatar":"https://static.tigerbbs.com/f45655eaaab14f0b61c554eea4d95ca7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":360135814,"type":1,"supId":0,"prevId":0,"content":"Great.","text":"Great.","html":"Great."}],"langContent":"EN"},{"id":384889429,"gmtCreate":1613638867661,"gmtModify":1634552845734,"author":{"id":"3573958025912472","authorId":"3573958025912472","name":"HuatMonster","avatar":"https://static.tigerbbs.com/7d81e74b4364df645e86942b6636cb78","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3573958025912472","authorIdStr":"3573958025912472"},"htmlText":"Wowww","listText":"Wowww","text":"Wowww","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384889429","repostId":1135489805,"repostType":4,"repost":{"id":"1135489805","kind":"news","pubTimestamp":1613613615,"share":"https://www.laohu8.com/m/news/1135489805?lang=&edition=full","pubTime":"2021-02-18 10:00","market":"us","language":"en","title":"Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","media":"cnbc","summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","content":"<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin at $1 million? Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135489805","content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":384831412,"gmtCreate":1613636843136,"gmtModify":1634552851289,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://static.tigerbbs.com/ba7e35d007de93d00440f49842014612","vip":1,"crmLevel":9,"crmLevelSwitch":0,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"htmlText":"!","listText":"!","text":"!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384831412","repostId":1135489805,"repostType":4,"repost":{"id":"1135489805","kind":"news","pubTimestamp":1613613615,"share":"https://www.laohu8.com/m/news/1135489805?lang=&edition=full","pubTime":"2021-02-18 10:00","market":"us","language":"en","title":"Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","media":"cnbc","summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","content":"<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin at $1 million? Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135489805","content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":384839868,"gmtCreate":1613636496154,"gmtModify":1634552852251,"author":{"id":"3568349626879479","authorId":"3568349626879479","name":"Alice156","avatar":"https://static.tigerbbs.com/60ff94c21a2d26f4682ac8ed41af2e37","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3568349626879479","authorIdStr":"3568349626879479"},"htmlText":"Great[强]&nbsp;","listText":"Great[强]&nbsp;","text":"Great[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384839868","repostId":1135489805,"repostType":4,"repost":{"id":"1135489805","kind":"news","pubTimestamp":1613613615,"share":"https://www.laohu8.com/m/news/1135489805?lang=&edition=full","pubTime":"2021-02-18 10:00","market":"us","language":"en","title":"Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","media":"cnbc","summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","content":"<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin at $1 million? Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135489805","content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":384187950,"gmtCreate":1613626554070,"gmtModify":1634552882110,"author":{"id":"3567917220278698","authorId":"3567917220278698","name":"新华仔","avatar":"https://static.tigerbbs.com/1a9729e691dca413cb27841161f73d7f","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3567917220278698","authorIdStr":"3567917220278698"},"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384187950","repostId":1135489805,"repostType":4,"repost":{"id":"1135489805","kind":"news","pubTimestamp":1613613615,"share":"https://www.laohu8.com/m/news/1135489805?lang=&edition=full","pubTime":"2021-02-18 10:00","market":"us","language":"en","title":"Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","media":"cnbc","summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","content":"<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin at $1 million? Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135489805","content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":384189985,"gmtCreate":1613625514047,"gmtModify":1634552887073,"author":{"id":"3550372531235185","authorId":"3550372531235185","name":"Amb1tion","avatar":"https://static.tigerbbs.com/bc7693d7cb4ec795cd3dbae2de30cba5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3550372531235185","authorIdStr":"3550372531235185"},"htmlText":"comment&nbsp;","listText":"comment&nbsp;","text":"comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384189985","repostId":1135489805,"repostType":4,"repost":{"id":"1135489805","kind":"news","pubTimestamp":1613613615,"share":"https://www.laohu8.com/m/news/1135489805?lang=&edition=full","pubTime":"2021-02-18 10:00","market":"us","language":"en","title":"Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","media":"cnbc","summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","content":"<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin at $1 million? Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135489805","content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":384110704,"gmtCreate":1613624254008,"gmtModify":1634552891905,"author":{"id":"3554864697888884","authorId":"3554864697888884","name":"Blim","avatar":"https://static.tigerbbs.com/f92a854ac5b40d9557fa9c7a8ddaa54f","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3554864697888884","authorIdStr":"3554864697888884"},"htmlText":"Why stop at 1 mil.. crazy","listText":"Why stop at 1 mil.. crazy","text":"Why stop at 1 mil.. crazy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384110704","repostId":1135489805,"repostType":4,"repost":{"id":"1135489805","kind":"news","pubTimestamp":1613613615,"share":"https://www.laohu8.com/m/news/1135489805?lang=&edition=full","pubTime":"2021-02-18 10:00","market":"us","language":"en","title":"Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","media":"cnbc","summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","content":"<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin at $1 million? Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135489805","content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":384373925,"gmtCreate":1613619913767,"gmtModify":1634552912982,"author":{"id":"3573983104070220","authorId":"3573983104070220","name":"Raychris","avatar":"https://static.tigerbbs.com/d6ba052a63ff93ee2d7ec595895d9b0e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573983104070220","authorIdStr":"3573983104070220"},"htmlText":"The bubble is almost burst.","listText":"The bubble is almost burst.","text":"The bubble is almost burst.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384373925","repostId":1135489805,"repostType":4,"repost":{"id":"1135489805","kind":"news","pubTimestamp":1613613615,"share":"https://www.laohu8.com/m/news/1135489805?lang=&edition=full","pubTime":"2021-02-18 10:00","market":"us","language":"en","title":"Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","media":"cnbc","summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","content":"<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin at $1 million? Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135489805","content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":384346709,"gmtCreate":1613619427501,"gmtModify":1634552916037,"author":{"id":"3576056007940397","authorId":"3576056007940397","name":"8d169ad","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3576056007940397","authorIdStr":"3576056007940397"},"htmlText":"fomo","listText":"fomo","text":"fomo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384346709","repostId":1135489805,"repostType":4,"repost":{"id":"1135489805","kind":"news","pubTimestamp":1613613615,"share":"https://www.laohu8.com/m/news/1135489805?lang=&edition=full","pubTime":"2021-02-18 10:00","market":"us","language":"en","title":"Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","media":"cnbc","summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","content":"<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin at $1 million? Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135489805","content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":384359067,"gmtCreate":1613617968759,"gmtModify":1634552922872,"author":{"id":"3573818563583937","authorId":"3573818563583937","name":"Starbucks","avatar":"https://static.tigerbbs.com/adf9c30b19f3cc477ca4f1198d2c8b81","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3573818563583937","authorIdStr":"3573818563583937"},"htmlText":"Very bullish!&nbsp;","listText":"Very bullish!&nbsp;","text":"Very bullish!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384359067","repostId":1135489805,"repostType":4,"repost":{"id":"1135489805","kind":"news","pubTimestamp":1613613615,"share":"https://www.laohu8.com/m/news/1135489805?lang=&edition=full","pubTime":"2021-02-18 10:00","market":"us","language":"en","title":"Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","media":"cnbc","summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","content":"<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin at $1 million? Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135489805","content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":384322740,"gmtCreate":1613617466880,"gmtModify":1634552925088,"author":{"id":"3566532164444643","authorId":"3566532164444643","name":"ZEROHERO","avatar":"https://static.tigerbbs.com/62813b6df1c4722e559d112fadd5486a","vip":2,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3566532164444643","authorIdStr":"3566532164444643"},"htmlText":"100k by end of 2021","listText":"100k by end of 2021","text":"100k by end of 2021","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384322740","repostId":1135489805,"repostType":4,"repost":{"id":"1135489805","kind":"news","pubTimestamp":1613613615,"share":"https://www.laohu8.com/m/news/1135489805?lang=&edition=full","pubTime":"2021-02-18 10:00","market":"us","language":"en","title":"Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","media":"cnbc","summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","content":"<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin at $1 million? Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135489805","content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":384321498,"gmtCreate":1613617119214,"gmtModify":1634552926934,"author":{"id":"3564876523975472","authorId":"3564876523975472","name":"Poggki","avatar":"https://static.tigerbbs.com/96397c64f0a59449e5573036608f7d30","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3564876523975472","authorIdStr":"3564876523975472"},"htmlText":"Is this why gold prices are dropping?&nbsp;","listText":"Is this why gold prices are dropping?&nbsp;","text":"Is this why gold prices are dropping?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384321498","repostId":1135489805,"repostType":4,"repost":{"id":"1135489805","kind":"news","pubTimestamp":1613613615,"share":"https://www.laohu8.com/m/news/1135489805?lang=&edition=full","pubTime":"2021-02-18 10:00","market":"us","language":"en","title":"Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","media":"cnbc","summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","content":"<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin at $1 million? Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135489805","content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":384367484,"gmtCreate":1613616612748,"gmtModify":1634552929091,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575163551534398","authorIdStr":"3575163551534398"},"htmlText":"Limitless! Please like and comment. Thanks.","listText":"Limitless! Please like and comment. Thanks.","text":"Limitless! Please like and comment. Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384367484","repostId":1135489805,"repostType":4,"repost":{"id":"1135489805","kind":"news","pubTimestamp":1613613615,"share":"https://www.laohu8.com/m/news/1135489805?lang=&edition=full","pubTime":"2021-02-18 10:00","market":"us","language":"en","title":"Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","media":"cnbc","summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","content":"<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin at $1 million? Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135489805","content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":384364592,"gmtCreate":1613616470716,"gmtModify":1634552929214,"author":{"id":"3574204999726623","authorId":"3574204999726623","name":"Ssimsim","avatar":"https://static.tigerbbs.com/a43eabdde1f739ca3b75e3dbfb7f3531","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3574204999726623","authorIdStr":"3574204999726623"},"htmlText":"Lol. sky is the limit.&nbsp;Really?&nbsp;","listText":"Lol. sky is the limit.&nbsp;Really?&nbsp;","text":"Lol. sky is the limit. Really?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384364592","repostId":1135489805,"repostType":4,"repost":{"id":"1135489805","kind":"news","pubTimestamp":1613613615,"share":"https://www.laohu8.com/m/news/1135489805?lang=&edition=full","pubTime":"2021-02-18 10:00","market":"us","language":"en","title":"Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","media":"cnbc","summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","content":"<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin at $1 million? Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135489805","content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":384368271,"gmtCreate":1613615987993,"gmtModify":1634552930793,"author":{"id":"3575238538009043","authorId":"3575238538009043","name":"Vento95","avatar":"https://static.tigerbbs.com/4a003ece52ffa38def53388fb20bbe72","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575238538009043","authorIdStr":"3575238538009043"},"htmlText":"Wow....... Super hyped if this happens","listText":"Wow....... Super hyped if this happens","text":"Wow....... Super hyped if this happens","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384368271","repostId":1135489805,"repostType":4,"repost":{"id":"1135489805","kind":"news","pubTimestamp":1613613615,"share":"https://www.laohu8.com/m/news/1135489805?lang=&edition=full","pubTime":"2021-02-18 10:00","market":"us","language":"en","title":"Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","media":"cnbc","summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","content":"<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin at $1 million? Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135489805","content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":384384046,"gmtCreate":1613615318085,"gmtModify":1634552932734,"author":{"id":"3562815822807212","authorId":"3562815822807212","name":"Favian","avatar":"https://static.tigerbbs.com/3c9db4d731960e756da0c07d6b32f34a","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3562815822807212","authorIdStr":"3562815822807212"},"htmlText":"🐮&nbsp;","listText":"🐮&nbsp;","text":"🐮","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/384384046","repostId":1135489805,"repostType":4,"repost":{"id":"1135489805","kind":"news","pubTimestamp":1613613615,"share":"https://www.laohu8.com/m/news/1135489805?lang=&edition=full","pubTime":"2021-02-18 10:00","market":"us","language":"en","title":"Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","media":"cnbc","summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","content":"<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin at $1 million? Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135489805","content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3596456,"gmtCreate":1613615596641,"gmtModify":1635763446688,"authorId":3562815822807212,"author":{"id":3562815822807212,"idStr":"3562815822807212","authorId":3562815822807212,"name":"Favian","avatar":"https://static.tigerbbs.com/3c9db4d731960e756da0c07d6b32f34a","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":384384046,"type":1,"supId":0,"prevId":0,"content":"letsgooo $SOS","text":"letsgooo $SOS","html":"letsgooo $SOS"},{"id":3596491,"gmtCreate":1613615926288,"gmtModify":1635763446039,"authorId":3554938353613094,"author":{"id":3554938353613094,"idStr":"3554938353613094","authorId":3554938353613094,"name":"ianch","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":384384046,"type":1,"supId":0,"prevId":0,"content":"😳","text":"😳","html":"😳"}],"langContent":"EN"},{"id":384388694,"gmtCreate":1613614993418,"gmtModify":1634552934725,"author":{"id":"3574809268346931","authorId":"3574809268346931","name":"WeiKeong","avatar":"https://static.tigerbbs.com/5495c1f2e5e2d6067ea4add6d0b105c5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574809268346931","authorIdStr":"3574809268346931"},"htmlText":"This is crazy!","listText":"This is crazy!","text":"This is crazy!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384388694","repostId":1135489805,"repostType":4,"repost":{"id":"1135489805","kind":"news","pubTimestamp":1613613615,"share":"https://www.laohu8.com/m/news/1135489805?lang=&edition=full","pubTime":"2021-02-18 10:00","market":"us","language":"en","title":"Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","media":"cnbc","summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","content":"<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin at $1 million? Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135489805","content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":384381298,"gmtCreate":1613614908114,"gmtModify":1634552935293,"author":{"id":"3574295750075516","authorId":"3574295750075516","name":"deeplearning","avatar":"https://static.tigerbbs.com/d2aba15d86bd565c323909be00778983","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574295750075516","authorIdStr":"3574295750075516"},"htmlText":"Bitcoin is the future!","listText":"Bitcoin is the future!","text":"Bitcoin is the future!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384381298","repostId":1135489805,"repostType":4,"repost":{"id":"1135489805","kind":"news","pubTimestamp":1613613615,"share":"https://www.laohu8.com/m/news/1135489805?lang=&edition=full","pubTime":"2021-02-18 10:00","market":"us","language":"en","title":"Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","media":"cnbc","summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","content":"<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin at $1 million? Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135489805","content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":384389238,"gmtCreate":1613614687724,"gmtModify":1634552936693,"author":{"id":"3573733606753390","authorId":"3573733606753390","name":"OldCat","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573733606753390","authorIdStr":"3573733606753390"},"htmlText":"Excellent","listText":"Excellent","text":"Excellent","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384389238","repostId":1135489805,"repostType":4,"repost":{"id":"1135489805","kind":"news","pubTimestamp":1613613615,"share":"https://www.laohu8.com/m/news/1135489805?lang=&edition=full","pubTime":"2021-02-18 10:00","market":"us","language":"en","title":"Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","media":"cnbc","summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","content":"<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin at $1 million? Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135489805","content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":384389361,"gmtCreate":1613614658753,"gmtModify":1634552937038,"author":{"id":"3568349626879479","authorId":"3568349626879479","name":"Alice156","avatar":"https://static.tigerbbs.com/60ff94c21a2d26f4682ac8ed41af2e37","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3568349626879479","authorIdStr":"3568349626879479"},"htmlText":"High return","listText":"High return","text":"High return","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384389361","repostId":1135489805,"repostType":4,"repost":{"id":"1135489805","kind":"news","pubTimestamp":1613613615,"share":"https://www.laohu8.com/m/news/1135489805?lang=&edition=full","pubTime":"2021-02-18 10:00","market":"us","language":"en","title":"Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","media":"cnbc","summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","content":"<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin at $1 million? Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135489805","content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":28,"commentSize":31,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}