Quotes of the first cryptocurrency will reach $100,000 next year against the backdrop of the upcoming halving. This was stated by the famous trader Ton Weiss in an interview. kitco.
He also warned of the possibility of digital gold falling to $14,000 ahead of a bull market.
According to Weiss, capital flows from Europe to the US and the syndrome of lost profits can become the engine of growth.
“They missed their chance to catch the low in 2018. This is another possibility. If bitcoin ever drops below $10,000, investors will immediately take advantage of this,” the trader explained.
He also noted the decentralization and resistance to censorship of the first cryptocurrency. According to Weiss, these characteristics will provide the asset with mass adoption.
“We are seeing how governments, the Central Bank and ordinary banks freeze accounts. Just this year, we have witnessed how the West and the United States confiscate funds from people because of Russian passports,” he said.
Earlier, Bitcoin maximalist and founder of MicroStrategy, Michael Saylor, predicted a new all-time high in the price of the first cryptocurrency in the next four years.
Recall that in October, Kevin O’Leary, an investor and star of the television show Shark Tank, said that digital gold quotes would resume growth after the adoption of a bill to regulate stablecoins.
That same month, Galaxy Digital founder Mike Novogratz speculated that the bear market could continue for another six months.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
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Quotes of the first cryptocurrency will reach $100,000 next year against the backdrop of the upcoming halving. This was stated by the famous trader Ton Weiss in an interview. kitco.
He also warned of the possibility of digital gold falling to $14,000 ahead of a bull market.
According to Weiss, capital flows from Europe to the US and the syndrome of lost profits can become the engine of growth.
“They missed their chance to catch the low in 2018. This is another possibility. If bitcoin ever drops below $10,000, investors will immediately take advantage of this,” the trader explained.
He also noted the decentralization and resistance to censorship of the first cryptocurrency. According to Weiss, these characteristics will provide the asset with mass adoption.
“We are seeing how governments, the Central Bank and ordinary banks freeze accounts. Just this year, we have witnessed how the West and the United States confiscate funds from people because of Russian passports,” he said.
Earlier, Bitcoin maximalist and founder of MicroStrategy, Michael Saylor, predicted a new all-time high in the price of the first cryptocurrency in the next four years.
Recall that in October, Kevin O’Leary, an investor and star of the television show Shark Tank, said that digital gold quotes would resume growth after the adoption of a bill to regulate stablecoins.
That same month, Galaxy Digital founder Mike Novogratz speculated that the bear market could continue for another six months.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
Found a mistake in the text? Select it and press CTRL+ENTER
