In a recent tweet, McGlone stated he believes BTC is ''on its way to becoming a global digital reserve asset''.

Bloomberg analyst Mike McGlone shared a bullish BTC tweet a few hours ago, in which he pointed out that historical trends suggest we could see BTC/USD 8X from current prices. According to McGlone, Bitcoin is gradually becoming a risk-off choice for investors, and considering the fact that it's becoming scarcer with time, I think it's safe to assume that we are gearing up for a massive run towards the end of Q3 2021.

A potential price peak this year, with previous behavior as context, could be as much as $400,000 per coin, the chart shows. This dwarfs other estimates, such as that of stock-to-flow, which calls for an average of $288,000 between now and 2024.

_{Source: cointelegraph.com}

So far so good.

2021 Is proving to be a wonderful year for the crypto space, with more and more powerful players getting interested in the crypto game and entering the fray. A growing number of powerful investors seem to share the notion that Bitcoin is actually reducing portfolio risk, and as a result the cryptocurrency has been making headlines on a regular basis over the last couple of months.

New reports of treasury allocations to BTC appear frequently, with appetite unfazed by price action.

_{Source: cointelegraph.com}

MicroStrategy, Visa, Mastercard, Morgan Stanley, Tesla, Rakuten and so on, literally everybody wants a piece of the BTC pie, and this will eventually pump some of the best alt projects out there as well. Bitcoin is just the beginning; a gateway to a parallel universe of limitless possibilities. It won't be long until all those giants start looking for better alternatives, and all I can think about is our gems, HIVE and LEO, and how technically superior they are to probably all other crypto projects out there.

HIVE and LEO deserve much more respect.

With everything this place has to offer and all the development being made on the network, HIVE and LEO will inevitably explode. Gaming, blogging, microblogging, earning passive income, staking, delegating, trading etc; you name it. This place combines everything and offers lightning-fast, feeless transactions. It's only a matter of time until all those sharks realize what we have built, and also what could be built on the network.

In my humble opinion, the crypto space is still at the stage where the hype around a given project matters a lot more than real-life use cases, but I also believe that the shift is now slowly starting to take place. Once the space matures, the best-performing projects that offer the best solutions to the problems the crypto world is faced with will begin to shine bright. HIVE and LEO are destined to be among the top gainers in a mature crypto market where development matters more than random tweets by influential individuals do.

We are getting there.

So, keep grinding, keep staking those HIVE and LEO rewards and give it some time. The community behind the network is our superpower; we can't fail. We have been through everything and here we are, stronger and better than ever, building applications and creating tribes at such a high pace that it's literally impossible to keep up with all the progress being made.

All this work will pay off.

---

Thank you for your attention.

Alright guys, that's it for now. Thank you for taking the time to read these lines.

Just my two cents. This is by no means financial advice. Just sharing my personal views and experiences. Please do not take my word for your investment choices, and always do your own research.

Stay safe and have a good one,
@lordneroo

---

Image Sources: 1, 2

Posted Using LeoFinance ^Beta