TechFlow news, February 18 — Dan Bin, Chairman of Shenzhen Orient Harvest Investment Management Co., Ltd., posted on Weibo stating, "I've been reflecting on Bitcoin recently. Previously, I believed no national government would ever allow it to become legal, as even the U.S. wouldn't want to lose its seigniorage. However, with Tesla allowing Bitcoin as a payment 'currency,' its value could rise. The total number of Bitcoins worldwide is capped at 21 million, and as of July 13, 2020, 15.85 million have already been mined. If long-term holders increase, or more companies join in like Tesla, reaching the $400,000 target predicted by ARK's 'Queen of Bulls' Cathie Wood becomes very possible..." Additionally, Dan Bin stated he has purchased 1% (apparently 1% of his personal funds) in a Bitcoin ETF fund (referring to GBTC) tonight.
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