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Seeking Alpha 2021-01-21 05:40:45

Bitcoin To $500,000: A Comparison To Gold And A Brief History Of The Dollar

Bitcoin, by many measures, is a digital form of gold.The key driver behind Bitcoin's price is - just as for gold - faith in instrument.Assuming faith in Bitcoin gains in strength to the level of that of gold, $500,000 per Bitcoin is not unreasonable.While $30,000+ per Bitcoin seems expensive, given BTC's valuations over the past couple years, we cannot rationally call the BTC rally a bubble.

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