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SVTPerformance's Chain of Restaurants
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<blockquote data-quote="Weather Man" data-source="post: 16667393" data-attributes="member: 137766"><p>Good and bad, take your pick.</p><p></p><p><a href="https://seekingalpha.com/news/3738470-bitcoin-could-reach-100k-with-bulls-back-in-control-ether-to-5k-bloomberg" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3738470-bitcoin-could-reach-100k-with-bulls-back-in-control-ether-to-5k-bloomberg" target="_blank">Bitcoin could reach $100K with bulls back in control; Ether to $5K? - Bloomberg</a></p><ul> <li data-xf-list-type="ul">The recent eye-catching <a href="https://assets.bbhub.io/promo/sites/12/1338231_Crypto-September2021Outlook.pdf" target="_blank">rally</a> seen in Bitcoin (<a href="https://seekingalpha.com/symbol/BTC-USD" target="_blank">BTC-USD</a>), which started at $30K level in end-July of this year, could just be the beginning of an even larger surge to $100K, with Ethereum (<a href="https://seekingalpha.com/symbol/ETH-USD" target="_blank">ETH-USD</a>) potentially reaching $5K, as both cryptos face increasing demand and diminishing supply, according to the Bloomberg Crypto Outlook, dubbed Onward and Upward.</li> <li data-xf-list-type="ul">Ether (<a href="https://seekingalpha.com/symbol/ETH-USD" target="_blank">ETH-USD</a>) (+9.3%) leads Bitcoin (<a href="https://seekingalpha.com/symbol/BTC-USD" target="_blank">BTC-USD</a>) (+2%) on a M/M basis, outperforming BTC by almost three-fold Y/Y.</li> <li data-xf-list-type="ul">Bloomberg's report said Bitcoin (<a href="https://seekingalpha.com/symbol/BTC-USD" target="_blank">BTC-USD</a>) "is well on its way to becoming the digital reserve asset in a world going that way," but keep in mind that in order for a world reserve currency to function as "money", it must perform as a medium of exchange, unit of account, and a store of value.</li> <li data-xf-list-type="ul">2021 is a post-supply-cut year for Bitcoin (<a href="https://seekingalpha.com/symbol/BTC-USD" target="_blank">BTC-USD</a>), where the reward for mining new blocks is cut in half, and reduces the supply of Bitcoins, implying a higher price while;</li> <li data-xf-list-type="ul">Ethereum's (<a href="https://seekingalpha.com/symbol/ETH-USD" target="_blank">ETH-USD</a>) most recent network upgrade has caused incremental coin supply to fall, perking up the price with <a href="https://seekingalpha.com/news/3735618-ethereum-bolstered-by-network-upgrade-inflows-bitcoin-falls-behind" target="_blank">increasing demand</a>.</li> <li data-xf-list-type="ul">As of Sept. 2, the 52-week rate of change in the amount of new ETH coins vs. the total outstanding is on track to drop below 4%; Ether's supply could fall below that of BTC, which fell below 2% this year, according to the report.</li> <li data-xf-list-type="ul">The ETH-BTC price ratio is also approaching its 2021 high at about 0.08, but remains below its peak from 2018 at 0.11, implying more room for Ether to rise.</li> <li data-xf-list-type="ul">Still, crypto skeptics reiterate that the U.S. dollar remains the world reserve currency, and "my guess is I'd be very careful in bitcoin," Omega Advisors chief and billionaire investor Leon Cooperman told CNBC. "The market structure's broken, so when there's a real, fundamental reason for the market to go down, <a href="https://twitter.com/SquawkCNBC/status/1435943371013509125?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet" target="_blank">it'll go down so quickly your head's gonna spin</a>," he said.</li> <li data-xf-list-type="ul">Additionally, risks of regulatory oversight could rise "when something becomes large enough, factors such as consumer interests and money laundering enter the picture," Stefan Ingves, Governor of the Swedish National Bank <a href="https://seekingalpha.com/news/3738597-bitcoin-may-eventually-collapse-swedish-central-banker-governor" target="_blank">warned</a> at a banking conference in Stockholm.</li> <li data-xf-list-type="ul">Chairman of the U.S. Securities and Exchange Commission Gary Gensler also sees crypto is a speculative asset class that <a href="https://seekingalpha.com/news/3724861-sec-chair-gary-gensler-crypto-is-a-speculative-asset-class-that-needs-more-regulation-bitcoin-ethereum" target="_blank">needs more regulation</a>.</li> <li data-xf-list-type="ul">Ether's price increased more than nine-fold in the past year vs. Bitcoin's four-fold rise as seen<a href="https://seekingalpha.com/symbol/BTC-USD/charting?compare=BTC-USD,ETH-USD&interval=1Y" target="_blank"> in the chart below.</a></li> <li data-xf-list-type="ul">See why SA Contributor Clem Chambers is also <a href="https://seekingalpha.com/article/4454069-bitcoin-crash-september-2021-what-you-should-know" target="_blank">Bearish on Bitcoin</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16667393, member: 137766"] Good and bad, take your pick. [URL='https://seekingalpha.com/news/3738470-bitcoin-could-reach-100k-with-bulls-back-in-control-ether-to-5k-bloomberg'] Bitcoin could reach $100K with bulls back in control; Ether to $5K? - Bloomberg[/URL] [LIST] [*]The recent eye-catching [URL='https://assets.bbhub.io/promo/sites/12/1338231_Crypto-September2021Outlook.pdf']rally[/URL] seen in Bitcoin ([URL='https://seekingalpha.com/symbol/BTC-USD']BTC-USD[/URL]), which started at $30K level in end-July of this year, could just be the beginning of an even larger surge to $100K, with Ethereum ([URL='https://seekingalpha.com/symbol/ETH-USD']ETH-USD[/URL]) potentially reaching $5K, as both cryptos face increasing demand and diminishing supply, according to the Bloomberg Crypto Outlook, dubbed Onward and Upward. [*]Ether ([URL='https://seekingalpha.com/symbol/ETH-USD']ETH-USD[/URL]) (+9.3%) leads Bitcoin ([URL='https://seekingalpha.com/symbol/BTC-USD']BTC-USD[/URL]) (+2%) on a M/M basis, outperforming BTC by almost three-fold Y/Y. [*]Bloomberg's report said Bitcoin ([URL='https://seekingalpha.com/symbol/BTC-USD']BTC-USD[/URL]) "is well on its way to becoming the digital reserve asset in a world going that way," but keep in mind that in order for a world reserve currency to function as "money", it must perform as a medium of exchange, unit of account, and a store of value. [*]2021 is a post-supply-cut year for Bitcoin ([URL='https://seekingalpha.com/symbol/BTC-USD']BTC-USD[/URL]), where the reward for mining new blocks is cut in half, and reduces the supply of Bitcoins, implying a higher price while; [*]Ethereum's ([URL='https://seekingalpha.com/symbol/ETH-USD']ETH-USD[/URL]) most recent network upgrade has caused incremental coin supply to fall, perking up the price with [URL='https://seekingalpha.com/news/3735618-ethereum-bolstered-by-network-upgrade-inflows-bitcoin-falls-behind']increasing demand[/URL]. [*]As of Sept. 2, the 52-week rate of change in the amount of new ETH coins vs. the total outstanding is on track to drop below 4%; Ether's supply could fall below that of BTC, which fell below 2% this year, according to the report. [*]The ETH-BTC price ratio is also approaching its 2021 high at about 0.08, but remains below its peak from 2018 at 0.11, implying more room for Ether to rise. [*]Still, crypto skeptics reiterate that the U.S. dollar remains the world reserve currency, and "my guess is I'd be very careful in bitcoin," Omega Advisors chief and billionaire investor Leon Cooperman told CNBC. "The market structure's broken, so when there's a real, fundamental reason for the market to go down, [URL='https://twitter.com/SquawkCNBC/status/1435943371013509125?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet']it'll go down so quickly your head's gonna spin[/URL]," he said. [*]Additionally, risks of regulatory oversight could rise "when something becomes large enough, factors such as consumer interests and money laundering enter the picture," Stefan Ingves, Governor of the Swedish National Bank [URL='https://seekingalpha.com/news/3738597-bitcoin-may-eventually-collapse-swedish-central-banker-governor']warned[/URL] at a banking conference in Stockholm. [*]Chairman of the U.S. Securities and Exchange Commission Gary Gensler also sees crypto is a speculative asset class that [URL='https://seekingalpha.com/news/3724861-sec-chair-gary-gensler-crypto-is-a-speculative-asset-class-that-needs-more-regulation-bitcoin-ethereum']needs more regulation[/URL]. [*]Ether's price increased more than nine-fold in the past year vs. Bitcoin's four-fold rise as seen[URL='https://seekingalpha.com/symbol/BTC-USD/charting?compare=BTC-USD,ETH-USD&interval=1Y'] in the chart below.[/URL] [*]See why SA Contributor Clem Chambers is also [URL='https://seekingalpha.com/article/4454069-bitcoin-crash-september-2021-what-you-should-know']Bearish on Bitcoin[/URL]. [/LIST] [/QUOTE]
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