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The cryptocurrency market is not stopping, and Lar Fing, CEO of Blackrock, the world's largest hedge fund, says that Bitcoin could cost $700,000. However, in the future, when Lar Fing spoke positively about Bitcoin, he still described it negatively as a money laundering index, suggesting that cryptocurrencies are mainly used for illegal transactions.
This was at a local peak, but just before a very strong Bitcoin pump. Then, in 2018, Fing stated that Blackrock clients were not interested in investing in cryptocurrencies, which suggested a lack of trust in this type of asset. This was once again before a really strong Bitcoin pump, i.e., two negative statements just before strong price increases.
Now, positive statements have already started in 2020. In December, during a virtual meeting with the former governor of the Bank of England, Fing said that Bitcoin attracts the attention and imagination of many people, and this was also a concern at the local peak, just before the correction, of course, just before a very strong increase in the price of Bitcoin.
Then, in June 2023, Black Rock officially filed an application with the US Securities and Exchange Commission to launch a spot market. ETFs for Bitcoin, what to correlate later, there were of course increases later in July 2023 also at local peaks. In an interview with Fox Business, Lar Fing described Bitcoin as digital gold and emphasized its potential as an international asset and after this statement, the price of Bitcoin plummeted and underwent a solid correction.
Of course, later there were increases and these increases were fueled by the euphoria related to the later ETFs that were to be accepted on January 5, 2024. Then Bitcoin also reached a local peak followed by a correction of over 20% then in July 2024 during an interview with CNBC, Fing admitted that his previous skepticism towards Bitcoin was wrong and stated that he currently considers Bitcoin a legal financial tool that can serve as a hedge against currency devaluation.
Correlate Bitcoin prices but in fact, a price correction over the next month, of course, Bitcoin did its job anyway. Everyone was waiting for Trump's victory and a potential Bitcoin reserve, that's why we reached such high levels of over $100,000 and now Lar Fing once again speaks about Bitcoin, claiming that its value could reach $700,000 if more funds decide to allocate 2 to 5% of their investments in this cryptocurrency, also emphasized that Bitcoin can serve as a hedge against currency devaluation and political or economic instability.
So, do you think this statement could also herald an upcoming Bitcoin correction? Write in the comments what you think about it. And remember, these are not investment advice, and the mayor of K. is calling on companies in the French city to accept cryptocurrency payments, writing on his LinkedIn about the integration of cryptocurrency payments as part of the Web 3 strategy.
Grand Cardon plans to use cash flows from real estate to buy Bitcoin. Grand Cardon has extensive experience in the real estate industry and also spoke negatively about Bitcoin some time ago, but recently his opinion has changed and as part of a pilot project, Cardon purchased an apartment complex for about $72 million and invested an additional $15 million in Bitcoin.
The rental income from the apartment complex will be invested monthly in Bitcoin for the next 4 years, changing the portion of assets from 85% in real estate and 15% in In Bitcoin, 70% in real estate and 30% in Bitcoin. Cardon predicts that if Bitcoin reaches the value of $158,000 within a year and $250,000 within two years, the fund's value will increase by 25 and 60 percent, respectively.
He also expects the price of Bitcoin to reach $1 million within the next five years. That's why I plan to promote this project. American ETF fund managers ORS Funds and Rex Shares have submitted an application to the Securities and Exchange Commission (SEC) to launch several exchange-traded funds, including Dodge and Trump, as well as Solana and XRP.
After such information, the prices of these tokens could rise if only the price of Bitcoin were gaining. It's true that the price of Solana increased slightly, but with the fall of Bitcoin, a loss on this token also appeared. Dogecoin has recently been in the spotlight after Musk placed the Doc Coin logo on the official government website of the Department of Government Efficiency.
And Bitwise too. He has applied for ETFs on Dodge. Sooner or later, such ETFs will be created. And this could also trigger waves of growth, but take a look at this wave. The growth after Mask placed the Doc Coin logo on the official government website is already decreasing because the logo has already disappeared.
The moment I buy Doc Coin will probably be the moment when there will be even more of these buying walls here and much fewer selling walls. I will be waiting for such a moment when suddenly a large vertical green buying wall appears. This will be a very interesting moment to catch Dutch Coin. As we said, ETF applications are not only for Doc Coin but also for Bonk, which is also a meme cryptocurrency, which also has a chance for an interesting ride if Bitcoin continues.
In my opinion, it is good for these types of tokens to always have alerts set for extremely low levels, specifically order books. How to set such an alert informing us that there are a lot of buying orders on the left side? Go to the chart of the given coin. At the bottom, we have the BSP 10 metric.
Click on the extremely low levels that have informed us about very large local lows in the past. Add an alert specifically for the BSP 10 metric, i.e. Bell Pressure, with notifications, for example, on Telegram. They can also be telephone calls without an expiration date, and we save such a notification.
I also share this notification with you. The power of price breakouts was usually quite good. You could profit from it. The Chicago Mercantile Exchange may be listing futures contracts for XRP and Solana. This stems from a leak of the Chicago Mercantile Exchange website, which was later taken down. Interestingly, the Chicago Mercantile Exchange spokesperson denies this.
They say it was a mistake, but these contracts may probably be launched on February 10th, so this is another good news for these Solana and XRP tokens. But let me remind you, of course, Bitcoin is the leader here, so we are observing Bitcoin, and this potential correction after Largo Fink's statement.
Will it materialize or will it be crucial? In recent days, I came across an interesting chart showing various cryptocurrencies in which they invest, among others, for example, the Coinbase Index. The Coinbase Index is an index of 50 cryptocurrencies supported by Coinbase, as well as the Grecale Trust.
These are the cryptocurrencies in which Grayscale Liberty Financial invests. These are the cryptocurrencies in which they invest. Donald Trump's sons Made in the USA are cryptocurrencies that could potentially be in the United States cryptocurrency reserve and now one cryptocurrency that is in all these ellipses is the link.
This is very interesting. This does not mean that the link will grow 100%, but it may have great potential in connection with this type of information. Of course, here I will also set an alert for extreme levels of the BSP 10 metric for the link token so that I don't miss the next potential rally. I will also share such an alert with you.
I will publish it so that you can use it very easily. Just click on the link that is under the description of this material and at the very end there is a mystery: Why did Merlin pond grow? It has grown enormously in the last few hours. It has even gained over 80% in an hour and currently maintains an increase of over 27p.
And all this. It started around 11:00 p.m. Polish time. Write in the comments why Marilyn had this type of growth and if you have a source that could have informed us about this type of growth, link it on the maxdata app on the new open Telegram channel where We are holding talks today at 2:30 p.m. Be on the live stream even before 2:30 p.m.
because there will be data readings on unemployment in the United States, which may locally affect the valuation of Bitcoin cryptocurrencies and markets. Returning to the Mylan token, of course, it is not currently experiencing a significant increase, but I will remind you of our manual alert on MaxData Up Tier 3.
It appeared at this point, giving the maximum possible increase in 3 hours of over 80 percent. My comment regarding the purchase of this token appeared at this point with a suggestion to exit the token at 12 noon the same day, giving a potential profit of 33%. Of course, it is best to analyze such information yourself on MaxData Up with metrics, including selling pressure.
If you are buying a coin, I also think that setting alerts for high extreme levels of selling pressure on a given coin is a good method. I wish you a successful day. Take care and may the bull market be with us. Bye.
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