Master Investor Shared 3 Altcoin Projects and Bitcoin Predictions!

Crypto investor and influencer Carl Runefelt, who started investing in Bitcoin in 2017 after holding gold and silver as an alternative to fiat money, says that Bitcoin can reach $300,000, but altcoin projects cannot rally behind it. He explains the reason for his bullish sentiment and shares the 3 coins he will hold no matter what the market does. we too cryptocoin.com We have compiled the shares of the master investor for our readers.

Why does he prefer crypto money to traditional investments?

Carl Runefelt, 27, is the host of The Moon, a YouTube channel with 544,000 subscribers. His videos are all about Bitcoin, altcoin projects and technical analysis of cryptos. He is also the co-founder and chief marketing officer of Kasta, a company that proposes a cryptocurrency that will offer staking along with a plan to introduce a debit card for transactions. Carl Runefelt, who first entered crypto by investing in Bitcoin in 2017, explains:

The reason I started with Bitcoin was because I had already invested heavily in physical gold and silver. In previous years, I did a lot of research on the financial system, the monetary system, and the US dollar, the Federal Reserve, and other central banks around the world. And I think it looked like a very old and bad system, also a pretty broken system.

Digitally due to three main reasons Bitcoin until you hear it believes a superior selection of gold and silver nominal says he thought it was an alternative to cash. First, Bitcoin under more scarce, because only token will be 21 million, and that puts him a hard limit. Second, smaller pieces more easily known as Satoshi divided. Third, to be transferred more easily, millions and even billions of dollars worth of money that allows the owner to move with low transaction fees. Carl Runefelt, nominal US dollars and other currencies, in contrast to being a store of value function, argues that lose value over time. According to some estimates the purchasing power of $ 1 in 1920, equal to about 14 dollars today due to inflation.

Carl Runefelt believes Bitcoin could be around $300,000

Although Bitcoin doesn’t have a long history, its supporters cite its limited supply as a reason why it has held its value better over time. Bitcoin recently made a steep price correction: In early November, it hit $70,000 before dropping by about 34% in a month. Regardless of Bitcoin’s volatility, Carl Runefelt says he believes there will be a quick turnaround. According to Carl Runefelt, after Bitcoin broke a key support line at $53,000, a sharp correction brought it down to $48,000 and it is likely to trade near this price for the two to three months before an increase:

Usually when we see such a big correction with big volume, it means that buyers need time to gain momentum. So we will most likely consolidate and not be bullish for a long time.

The veteran investor, who predicts that once Bitcoin rises above $53,000, could climb up to $100,000 in three or four weeks, he believes Bitcoin could be around $300,000 by the end of next year:

Previous loops show this to be the most likely scenario. Trend is your friend for Bitcoin. And now the 13-year trend shows that Bitcoin should reach around $300,000 followed by a three-year bear market.

If Bitcoin goes this high, it will confirm the prediction of Carl Runefelt and others, including Citigroup’s Thomas Fitzpatrick and crypto advisor Michaël van de Poppe. Meanwhile, Ark Invest’s Cathie Wood gives a long-term target of $500,000. However, due to concerns about regulation and whether cryptos are in a bubble, opposing views abound. The $300,000 projection is based on Bitcoin’s four-year halving cycle represented in the stock-to-flow chart, which shows the number of years needed to acquire current stock at the current production rate.

“I stick to altcoin projects that I believe in and are backed by strong projects”

Altcoins rally shortly after Bitcoin peaks, a trend often referred to as alt season. Many crypto investors are watching Bitcoin’s price action and waiting for it to play out again. However, Carl Runefelt doesn’t think altcoins will follow the same pattern:

We’ve seen altcoins rally very, very strongly in the last few months. I think we will continue to see that. I think the likely scenario is that we will continue to see altcoins rise before Bitcoin peaks.

As altcoins are already rallying hard, Carl Runefelt, who thinks they will fix it at the same time (but harder and faster) with Bitcoin, is committed to those backed by strong projects he personally believes in, despite having a large altcoin portfolio and even investing in pre-sales for altcoins. He says he’s staying.

Ethereum is one of the veteran investor’s top picks, as it has the largest network impact compared to other platforms. He also says he holds Binance Coin (BNB) and Swissborg (CHSB) as they exchange with daily active users. Carl Runefelt states that regardless of whether we are in a bull or bear market, compared to other altcoin projects, they tend to hold their value with investors entering and exiting positions trying to make quick money.

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