Popular crypto investor and analyst Lark Davis believes that the leading cryptocurrency Bitcoin is poised to hit a six-digit price as its fundamentals continue to grow at an exponential rate. According to the analyst, BTC could do 15x. Let’s examine Lark Davis’ prediction together…
Lark Davis: Leading cryptocurrency Bitcoin can hit $550,000 by doing 15x
Cryptocurrency analyst Lark Davis tells his nearly 400,000 Twitter followers that the leading cryptocurrency will rise meteorically in the coming years and exceed the half-million-dollar price. Lark Davis adds the following to his comments on the subject:
Bitcoin will continue to rival gold’s market cap this decade. This will yield a unit price of $550,000 per BTC, 15 times the current price.
Lark Davis: Bitcoin has the status of “gold for the internet age”!
In the continuation of his statements, Lark Davis repeats the last statement of Mexican billionaire Ricardo Salinas Pliego that the leading cryptocurrency is “gold for the internet age”. The crypto analyst adds that some of the advantages of Bitcoin over gold include its weight and divisibility. Lark Davis adds the following to his comments on the subject:
Another mega important aspect is that Bitcoin has a verifiable and fixed maximum supply. For gold, there is no way to test all the mined gold available on earth, let alone the gold that cannot be found on earth, and the total amount of gold in the universe… What a lot will happen… Bitcoin can easily be divided into 100 million individual units. Gold can, in theory, break into very small pieces, but this is difficult to do unless you carry a bag of gold dust. Standard gold units are ONS which are not easily divisible.
The adoption rate of Bitcoin is increasing incrementally. Businesses worldwide are accepting BTC and more are constantly joining. Gold is primarily a tool for investors, central banks and industry. Paying with gold is almost non-existent.
Is it a little late to enter the bitcoin market? The analyst explains
Although it seems a little late to enter the Bitcoin market after recording an all-time high of $ 64,000, the popular YouTuber emphasizes that BTC is still in its early days. Lark Davis adds the following to his explanations on the subject:
Imagine being able to buy gold before it becomes a $10 trillion market cap. This is now Bitcoin…
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