Analyst Sees Bitcoin Going from
$54,000 to $4 Million Per Bitcoin
February 19, 2021 PM
$4 million Bitcoin may sound like a fantasy, but one equity analyst thinks it's possible in the next 18-24 months. Global
I Equities Research's Trip
Chowdhry in a note to clients said he thinks the digital coin will do just that, rise from
$54,000 to $4 million.
So far only three of the Fortune
Global 2000 companies have Bitcoin on their balance sheets, noted Chowdhry Microstrategy, Inc. (NASDAQ: MSTR), Tesla
(NASDAQ: TSLA), and Twitter (NYSE: TWTR) and they have pushed Bitcoin above $50,000. The remaining companies still have to put Bitcoin on their balance sheet, and this will cause the asset to surge to $4 million.
Analyst Sees Bitcoin Going from $54,000 to $4 Million Per Bitcoin February 19, 2021 PM $4 million Bitcoin may sound like a fantasy, but one equity analyst thinks it's possible in the next 18-24 months. Global I Equities Research's Trip Chowdhry in a note to clients said he thinks the digital coin will do just that, rise from $54,000 to $4 million. So far only three of the Fortune Global 2000 companies have Bitcoin on their balance sheets, noted Chowdhry Microstrategy, Inc. (NASDAQ: MSTR), Tesla (NASDAQ: TSLA), and Twitter (NYSE: TWTR) and they have pushed Bitcoin above $50,000. The remaining companies still have to put Bitcoin on their balance sheet, and this will cause the asset to surge to $4 million.