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Bitcoin Data Shows Imminent Supply Shock – $84,000 Price Target


March 3, 2021 · By MATheGooner
Bitcoin (BTC), Cardano (ADA)

Crypto Man Ran says something big is happening on the Bitcoin blockchain on his newly launched show. He says the event is the most significant since its establishment in eleven years.

Ran says Bitcoin shortage may be imminent because there are new kinds of buyers in the market who are not particularly traders but are looking to make profits to protect their assets and treasuries in the long term. These are institutional investors like Michael Saylor, Canada ETF, Grayscale Trust etc… (1:18)

The Grayscale trust holds over $30 billion worth of Bitcoin, Square hold invested about $220 million, Tesla invested $1.5 billion which is about 8% of their cash reserves, Galaxy and many more. This will decrease the supply of Bitcoins on exchanges and suggest it is a massive opportunity to buy every dip.

Blockchain Professor Gary Gensler, nominee by President Biden to be the next chairman of the Securities and Exchange Commission (SEC), words when asked how he will approach technology and digital assets is a worry says Ran after the soon to be SEC chairman, who will decide if Bitcoin gets an ETF and the USA adopts cryptocurrency, said the commission will be technology neutral (3:40).

Ran says PayPal propositions to buy crypto custody firm Curv and will bring in potentially 300 million hodlers (users) into the crypto space (6:10)

NFTs have been exploding with $80 million NFTs traded in February 2021 on OpenSea, an insane growth from $10 million in January. The Mary hard fork by Cardano now allows anyone to launch NFTs on the blockchain (8:10)

This episode premiered on March 3rd, 2021.

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