A man named Quinn Thompson works with money and invests in things called cryptocurrencies, which are digital coins people can use to buy stuff online. He thinks two of these coins, Bitcoin and Ethereum, will become much more valuable soon, maybe reaching prices like $100,000 for one Bitcoin and $7,000 for one Ethereum by the time a big event called the November election happens. Read from source...
1. The title of the article is misleading and sensationalized. It claims that a crypto VC says Bitcoin will reach $100K and Ethereum will reach $7K by the November election, but it does not provide any evidence or source for this claim. This creates a false impression that there is some authority or consensus behind these predictions, when in reality they are just speculations made by an individual or a firm without any basis.
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Key points:
- Quinn Thompson is a crypto VC and sees attractive buying opportunities in recent times.
- He predicts Ethereum to reach $7,000 and Bitcoin to near $100,000 by the November election.
- He believes cryptocurrency markets are trading at a significant discount to their fair value.