Clem Chambers Talks to E-Crypto News About $1 million Bitcoin

Clem Chambers of ADVFN thinks a $1 million bitcoin is possible...if

E-Crypto News had been wondering about the possibility of $1million per Bitcoin. So, we reached out to Clem Chambers who is the CEO of ADVFN. Here is what he had to say.

ADVFN

Clem Chambers, CEO ADVFN

 

  1. In your opinion, what do you think are the drivers of growth for Bitcoin prices?

 

    1. Adoption, especially driven by geopolitics and geo-economic politics
    2. Inflation risk
    3. It’s clearly a cool futuristic thing for the bleeding edge

 

 

2. How do you think the $1 million Bitcoin scenario will occur?

    1. Inflation
    2. An undercurrent of adoption

 

3. What do you think is responsible for Bitcoin’s dominance at the moment? Is there any hope for the altcoins?

           It is the brand.

 

4. What roles are institutions playing in the crypto space at the moment?

            Not much.

 

5. In your opinion, why do you think legacy companies and big technology companies are trying to stifle the crypto space? what can be done about it?

     

  You can’t stop progress only delay it, so ‘stifling’ is a mute issue to me. I take a Panglossian view on it.

 

 

6. What are your thoughts on the current stimulus measures currently in place by governments and their effects on  Bitcoin prices?

 

They put their economies into a coma, they are now trying to shock them back to life. That process will not result in instability in the short or medium term. Inflation is never an accident; countries don’t print 1,000,000 Mark/Pengő/Boliviano/Turkish Lira notes by accident. That inflation playbook will very likely need to be used.

 

 

 

7. After the COVID-19 pandemic is over inflation is sure to set in. What role can Bitcoin and the altcoins play in insulating people against the inflationary tendencies of fiat currencies?

 

BTC is denominated in KW/H, it is a commodity and will at least move with commodity inflation which is what you want as a basic hedge.    Increased demand for BTC because of its utility in this situation will also add value on the top of that hedge.

 

8. What is standing in the way of greater adoption of Bitcoin?

 

           IQs remain low.

 

9. How do you think governments can work with the crypto space when it comes to regulation?

 

They must realize that progress is the pivot of prosperity and therefore they should lever the benefits of the blockchain to boost prosperity.      However much of the government is rent-seeking and corporatist so only enlightened governments will be able to prosper from developments, and smart people and capital will gravitate to them.

 

10. In your opinion, what are three events that could shake the crypto space in the next three to six months

A potential US stock market crash

COVID part 2

 Fed stops pumping

 Reality bites iv. Bubble pops

 Trump, beyond anyone imagination to predict

China/HK

 The North Koreans get spicy

 

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