Increasingly, billionaires are talking about Bitcoin.
Yesterday, I talked about Mexican billionaire Ricardo Salinas who has 10% of his liquid net worth is invested in Bitcoin.
Billionaire Mike Novogratz believes that Bitcoin will hit $65,000.
The Reason - Because of a "network effect" in which there are a ton of new buyers and low supply.
I am still now to the field of cryptocurrencies, but I believe that limited supply is a big reason.
If several big players accumulate and hold Bitcoin, the cryptocurrency can surge. I don't want to talk about price targets, but $65,000 is likely few years down the line.
So where will LEO trade if Bitcoin is at $65,000.
I believe that there is renewed interest in cryptocurrencies among the masses. If Bitcoin continues to surge, there will be increasing number of people looking for alternative coins.
This will trigger price demand and price upside for several known and little known coins. In particular, those with a vision.
From that perspective, LEO is a potential money spinner. Even if Bitcoin is at $30,000, I will not be surprised if LEO or WLEO touches $10.
That's a conservative talk.
Therefore, my view is that investors need to accumulate LEO. Even for investors with a relatively medium-term horizon, LEO is worth holding for the next 12-24 months.
Investors will not regret.
Share your view and price target for LEO for the next 12-24 months. Would be interesting to see what the community thinks.
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IMHO, BTC can reach $30K in 3-4 month. It's only <2x
Can LEO reach $10 by the same time, by Easter? 50x ?
I'm highly doubt
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I agree.
A 2x versus a 50x is a hard race to win. This is especially true since Bitcoin has a ton of momentum now which isn't likely to slow down.
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Novogratz is not that good at predictions, he proved that in the past three years.
I see BTC at that level in just a few months. Maybe I'm too optimistic, we'll see.
Fingers crossed for a $10 LEO. One day, maybe not too far away...
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I see no correlation between the two.
Bitcoin is a different animal than LEO (or any other token really). It is attracting a much different person/entity. Bitcoin is going to be the coin of the wealthy and elite. The scarcity and lack of utility other than a store of value make it ideal for that.
Leo, on the other hand, will be based upon the efforts of the platform. The buyers will, for the most part, be those who are involved with the platform. Sure, there might be some traders but most will be active users.
$10 LEO is certainly plausible although I think it will take a while. If we can get 100K users, it actually will be higher than that.
It should be an interesting ride.
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Good points.
Yes, I hope we can touch 100K users. Will take time. But possible.
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Bitcoin limited supply will be the most expensive asset in this world until new one is invented.
LEO has its own path and I think it just need to take a big step for the next bull run. It needs a new feature, a new investment opportunity, a new tweak to take it there. But I am trusting the team and we can either move fast or continue to grow and rise with it.
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Same here. I see potential. The initial growth, in terms of users, engagement and page hits, is encouraging. Let's see what is the longer term road-map.
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Really cant fathom what Leo price will be in the future, but I think it will at least be 5X what price is currently.
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