poniedziałek, 6 września 2021

Can bitcoin double its value? Analyst has no doubt

 After returning to the price at the level of 50 thousand dollars, Bitcoin again found itself on an upward wave. Now experts are arguing whether the cryptocurrency will start doubling its value.
What fate awaits Bitcoin in the coming weeks? According to Bloomberg investment strategist Mike McGlone, the cryptocurrency has a straight path to $100,000 ahead of it. In fact, in just over a month, the price of BTC has risen by more than 66 percent.
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As we read on bitcoin.co.uk, on-chain indicators also show that investor activity related to cryptocurrency addresses has increased over the past few weeks. According to McGlone, with the correction now behind us, the cryptocurrency market is more likely to rise further rather than fall below the lows of the second quarter.

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He is being succored by other analysts. For example, Anthony Scaramucci of SkyBridge Capital also recently predicted a similar development.
Bitcoin on an upward wave

Recall that already at the end of August we wrote about the rise of BTC to nearly 200K.

- If it manages to successfully push through this boundary, there may be a frenzy that will lead to quotations in the neighborhood of 55 thousand dollars - Konstantin Anissimov, executive director of the cryptocurrency exchange CEX.IO, was quoted by Bloomberg as saying at the time.

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