Billionaire Invites Investors To Buy This Coin: “They Aren’t Making Any More Of It!”

It seems that a famous billionaire is inviting people to buy this specific digital asset. Have you guessed what it is? Well, it’s Bitcoin! Check out the following tweet that Bitcoin Magazine shared and see the video.

Billionaire Ricardo Salinas: You should buy #Bitcoin because “they aren’t making any more of it.”

“There will only be 21 million Bitcoin for the whole planet.” pic.twitter.com/SchSl6sfqK

— Bitcoin Magazine (@BitcoinMagazine) October 24, 2023

Someone commented: “This limited supply is one of its most attractive features, akin to digital gold. It safeguards against inflation and underscores its long-term value. However, potential investors should also remember that Bitcoin’s price can be highly volatile.”

A follower said: “Absolutely, the scarcity of #Bitcoin is a game-changer! The fixed supply sets it apart from traditional currencies and assets. It’s like having a finite amount of gold in a digital form.”

Crypto trader and economist, Alex Krüger, has predicted that Bitcoin (BTC) will reach $42,000 due to a potential event.

According to a blog post by Asgard Markets, Krüger’s financial advisory firm, BTC is expected to surge over 24% from its current value once a spot Bitcoin exchange-traded fund (ETF) is launched.

The firm also anticipates a substantial BTC rally on the day the U.S. Securities and Exchange Commission (SEC) approves a spot Bitcoin ETF, which they believe will occur in January 2024.

“Our view has been that the ETF is quasi-guaranteed, and the SEC would have it approved by January 10th (in January itself, to be precise). We had also been expecting the market to front-run the approval by about a month and a half. But animal spirits have decided to start running now.”

The analyst continued and said this:

“Given last week’s large move, we think that BTC consolidating for a few days in the $30,000-$32,000 range before continuation just makes sense. Any dips into the $29,000s are for buying. We also think that the day the ETF gets approved, the market should see a +20% move intraday. We see Bitcoin hitting $42,000 by the time the ETF launches (launch, as opposed to approval).”