Poll: How High Can It Go???? 📈

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This week, we asked the Invstr Community if they believe Bitcoin will hit $100,000 before 2022. The poll had a majority winner, with 58 percent of Invstrs saying that it will reach the benchmark. Bitcoin certainly does have a lot of steam behind its recent rally, and it could continue. The Bitcoin ETF has been a major success in the stock market, and it continues to avoid major regulatory changes and continue developing as a cryptocurrency. For many, it’s hard not to be bullish about Bitcoin, even though it could easily be false optimism, so it makes sense that this was the winner in the poll. In second place is the idea that Bitcoin will not hit the $100,000 threshold, which 30 percent of Invstrs chose. This is the option that most people would choose if they wanted to be realistic. Bitcoin reaching 100,000 is about a 100 percent increase, which is crazy, and there are too many risks that stand in the way. We saw China place a massive crackdown, and other large countries can choose to do that, especially if it’s affecting their climate goals. The hype sentiment is greater though, which justifies the 2nd place finish for this option.

For the bronze medal, we have the 7 percent of Invstrs who don’t know what a Bitcoin is. Don’t worry, we won’t judge you! Bitcoin is a cryptocurrency, or digital currency, that is built off a platform called a blockchain. People can mine it using a computer, and it holds value like a normal currency. Let’s be honest, though, most people know exactly what a cryptocurrency is because it’s been dominating the financial space for the last year, so this is a valid last place finish.

Remember, if you feel bullish about Bitcoin, you can buy it on the Fantasy Finance platform or on your Invstr+ account. Have fun and see you all next week with more poll results!

The Invstr Team 🙂

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Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

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