The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Age of Information Could Cause Bitcoin to Shoot to One Million Dollars Overnight, Says Crypto Analyst

by Daily Hodl Staff
October 10, 2019
in Bitcoin

As the leading cryptocurrency rebounds from its September crash, crypto analyst, lawyer and entrepreneur Trace Mayer is speculating that Bitcoin’s next move could be huge. After tumbling from $10,426 to a low of $7,845 last month, BTC has climbed back above $8,500.

In an interview with Preston Pysh, the host of  the We Study Billionaires podcast, Mayer throws out a high-flying Bitcoin price prediction of one million dollars.

“We’re in the Information Age now. Stuff can happen like that. We could wake up tomorrow and Bitcoin could be a million dollars a coin.

That’s how fast this could happen. Will it happen that fast? I think that’s highly improbable. But it could. And that’s why you have to have some Bitcoin to be hedged against it, just in case it catches on.”

Mayer says there are many reasons why Bitcoin is uncorrelated to other assets and that this is a key reason why it could shoot to the moon.

“It’s not been investible because of the regulatory scene. It’s been misunderstood. People don’t have the infrastructure to be able to invest in it. The law doesn’t support it. Well guess what? We got 13 bills passed in Wyoming. And now…fiduciaries can invest in Bitcoin with Wyoming custodians.

All of this type of work has to get done before the larger types of capital can treat this as an asset class like they treat all the other asset classes, whether it’s real estate, bonds, stocks, etc. – commodities like gold and oil.”

Mayer says the great wealth transfer will come from all of those other assets to the holders of Bitcoin.

“These pension funds and these endowments – their wealth is at extreme risk of getting transferred to the holders of Bitcoin.”

As traditional monetary policies play out, with quasi-quantitative easing (QE) strategies leading the way, Federal Reserve Chair Jerome Powell expects the central bank to start buying more Treasury securities.

According to Powell, who spoke at the National Association of Business Economics meeting in Denver, Colorado on Tuesday,

“My colleagues and I will soon announce measures to add to the supply of reserves over time.”

He added,

“This is not QE.”

Mayer points out that there are physical limits to what the Federal Reserve and central banks can do.

“It’s going to be QE forever. They have to do that. What they’ve done is they’ve created this fractional reserve, huge credit expansion in the liquidity pyramid. And they don’t have the liquidity there for the demand deposits to make payroll, for all this type of stuff.

And this is not just the Fed. These are all the central banks because everybody’s playing the same game of fiat currency and fractional reserve banking and rehypothecation and all this stuff. And so of course they’re going to step in and keep the system from collapsing.

…

Bitcoin is becoming this ultimate form of collateral because you can’t confiscate it through inflation. You can’t just print more of it. It’s scarce and it’s equity. It’s nobody’s liability.”

[the_ad id="42537"] [the_ad id="42536"]
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • MultiBank Group Confirms MBG Token TGE Set for July 22, 2025
    July 11, 2025
  • PEPESCAPE Launches Crypto Presale, Combining Memecoin Culture With Decentralized Finance Ecosystem
    July 10, 2025
  • Aptos Labs Expands Leadership With New Chief Business Officer
    July 10, 2025
  • Falcon Finance Unlocks Real-World Asset Utility With First Live USDf Mint Using Tokenized Treasuries
    July 10, 2025
  • MBG Token Pre-Sale Set for July 15 – Only Seven Million Tokens Available at $0.35
    July 10, 2025
  • YZi Labs Invests in Aspecta To Pioneer Universal Price Discovery Infra for Trillion Illiquid Assets
    July 10, 2025
  • NovaEx Launches With a Security-First Crypto Trading Platform Offering Deep Liquidity and Institutional-Grade Infrastructure
    July 9, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$118,777.82
$118,777.82
1.22%
Ethereum
$2,966.47
$2,966.47
0.9%
BNB
$691.77
$691.77
0.86%
Solana
$160.88
$160.88
0.29%
XRP
$2.83
$2.83
3.6%

Spotlight

  • Hot FOMO Bull Market for Bitcoin Likely Approaching As BTC Indicator Begins To Inch Upward: PlanB
    July 6, 2025
  • Marathon Digital CEO Fred Thiel Warns Bitcoin Treasury Companies Becoming ‘Saturated’ – Here’s His Forecast
    July 6, 2025
  • $3,300 Drained From Wells Fargo Account After 72-Year-Old Falls for Notorious Scam – Why the Lender Is Refusing To Reimburse
    July 6, 2025
  • Fraud Mastermind Carries Out Slew of Inheritance Scams Targeting Elderly and Vulnerable Americans: DOJ
    July 6, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl