Millennial Investor Matt Allen predicts bitcoin will reach $100,000 by December 2021 . Matt Allen made his prediction on an instagram post that he made from his account. He is the CEO of an investment company named Allen Investment Co., with a focus on technology investments and trading technology stocks. A firm believer and investor in innovative technology such as blockchain and artificial intelligence, he is one of the early adopters of Bitcoin and cryptocurrency in general. As a visionary, he is working on his investment thesis with the title Vision 2030, which explores the possibilities of how the world will have changed by the year 2030. Matt Allen gained international recognition after he made one of the best stock trades of 2020. He turned $1,832 into $37,198 on one single stock trade. He believes that bitcoin is the single greatest investment opportunity for anyone at any age.
Matt Allen stated that there are three major factors in play for a $100,000 bitcoin. The first being that bitcoin halves every four years making the supply go down and the demand go up. Bitcoin halved in May 2020 making it the unofficial start to the 2020 bull run. This happened in May 2012 and May 2016 making bitcoin go from $700 to $17,000 by December 2017. The second reason is that bitcoin is digital gold. Matt Allen believes that the United States Dollar is facing a crisis due to inflation and the national debt. He compares this time period to the great gold markets in the 1970’s when America was faced with monster inflation. The third reason is because institutional investors have started to make bitcoin a huge part of their future plans. Square and Microstrategy have taken 1% of their portfolio and put it into bitcoin. The Big Banks went from calling bitcoin a fraud, but they now believe that bitcoin has a sustainable future. Matt Allen believes that once bitcoin breaks its all-time high that it will go parabolic. He believes that everyone’s portfolio should have a minimum of 1% of bitcoin. The biggest argument against bitcoin is that bitcoin is not backed by anything, but he stresses that Gold and The United States Dollar are not backed by anything either. Matt Allen said that he does think bitcoin will end up around $40,000 in 2022 after it reaches $100,000. There are tons of resources that he recommends from books to youtube. Bitcoin is a complicated subject, but Matt Allen believes that it is worth the time.
You can read Matt Allen’s weekly newsletter at mattallenletter.com, visit his website at www.mattallen.io or follow his twitter and instagram @investmattallen for more insights into the technology market. His newsletter tries to take complex issues and make them simple.
Navy Veteran Davis Chris Takes the Music Industry by storm
In life, you need to break down anything that might be holding you back and change course if need be...
5 Disruptive Leaders Paving the Way in 2021
Where there is uncertainty, lies a whirlwind of opportunity. 2020 was the year that had entrepreneurs learn a great deal...
Brock Pierce Wants To Disrupt The Two Party System And Be Your Next President
We don’t usually cover politics much here at Disrupt, but when Crypto billionaire and friend of the show, Brock Pierce...
John Mcafee – Predictions For The Future
John McAfee is a world-famous tech CEO, computer scientist, civil disobedience activist, privacy advocate, and pioneer of the commercial anti-virus...
Gaby Wall Street – Teaching Latinas to Thrive During The Crisis
It’s no secret we are facing one of the most challenging financial times of the last few decades as we...
Tony Delgado – The #1 Entrepreneurship Movement In Puerto Rico
Puerto Rican online market is in constant progress. With many entrepreneurs who are coming here to start a business, it...
Elena Cardone – The 10X Ladies Conference Is Declaring 2020 The Decade For Women
The next ten years are meant for women to continue growing their potential and succeeding in multiple areas, including business....
How Josh Elizetxe Built Snow Into a $40 Million Dollar Business
There is nothing quite like an entrepreneur’s determination when starting a business. That’s my original quote by the way (pun...
How Jason Capital Became A Self Made Millionaire By 24
Have you ever wanted to earn the respect of everyone who ever looked down on you at some point in...
Sam Bakhtiar On His Way To A Quarter Billion
Dr. Saman Bakhtiar, who prefers being referred as Sam, lives in an 8200 square foot $5.2 million house, Sam is...
Executive Voice5 days ago
Top 10 Successful Females Who Continue To Inspire Us
Entrepreneurship1 week ago
Meet Josh Delaney, Founder of FAB CBD
Branding1 week ago
Why Billy Guan Created a Brand Where Everyone Can Learn About Financial Fluency
Business7 days ago
From Trash to Cash: How Sir Chigozie Chukwudi Okafor Built an International Brand From the Unlikeliest of Places
Community2 weeks ago
How a Sales Funnel Can Benefit Your Business
Executive Voice2 weeks ago
Meet Mehran Rowshan, the man who’s changing the world of Youth Coaching in Dubai
Business1 week ago
The Aussie Start-up That is Pushing The World’s Furniture Industry Into the 21st century
Executive Voice2 weeks ago
Psychologist Stefanie Bruns Details the Connection between High Energy Levels and Authentic Marketing