#Giveaway  on last slide

Bitcoin Will Not Reach $100K, CEA At Allianz Says

Scribbled Arrow

TRENDING GLOBALLY

FOLLOW US:  @theinsaneapp

1

Mohamed El-Erian, Chief Economic Advisor at Allianz, believes that bitcoin will never be a global reserve currency and will not reach 100K$. 

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

2

He thinks the cryptocurrency industry will continue to thrive in the bear market and be a vital component of "the ecosystem for payments."

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

3

El-Erian, a CNBC interviewer, described bitcoin as a technological breakthrough that reached 

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

4

Its peak in November 2021 (nearly $70,000) due to investors' enthusiasm, over-consumption, and over-production. 

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

5

The crypto winter and adverse macroeconomic events have halted this progress, and the ecosystem is currently "reinforcing itself."

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

6

He believes that bitcoin and other altcoins can overcome these issues if watchdogs impose appropriate regulations.

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

7

He doesn't think that the price of the most popular cryptocurrency will never rise above 90K, and institutions won't adopt it.

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

8

His Statement: To be clear, bitcoin will not become a worldwide currency. It will also not gain widespread adoption.

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

9

People make it sound like it will be worth $100,000, $200,000, or $300,000. They assume that massive adoption is what they are referring to.

Twitter | Insatagram | Facebook

#GIVEAWAY BY INSANE

Do you know that we give away around $500 USd in cash prizes every week?

Let’s grow together!