Bitcoin Strategist Shares 8-Figure BTC Price Prediction, But The Reason Is Ev...
Bitcoin Strategist Joe Burnett has shared an ambitious long-term outlook for the BTC price that puts the world’s largest cryptocurrency in the eight-figure range. The projection comes from a research report published on Substack that discusses how major technological and economic shifts could reshape global markets. While the projected price target is bold, Burnett’s reason […]
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Co-founder of Fundstrat and Wall Street Strategist Tom Lee has revealed his expectations for bitcoin before the year runs out. According to a Bloomberg report, Lee revealed that he had high expectations for the digital asset, which he believes would hit the $100,000 mark by the end of the year, and added that the asset could go as high as $168,000 before the year runs out. Lee has always maintained a bullish stance on cryptocurrencies. He had earlier stated that he expected the asset to hit $100,000 this year. Now, Lee looks to be doubling down on this prediction which he had made back in....
An investment strategist at Southeast Asia’s largest bank, DBS, says bitcoin is unique whether the price changes or not. “If we just look purely on a price basis, you will see a lot of volatility and that doesn’t inform you a lot about what benefits it actually brings,” the DBS strategist emphasized.
DBS Strategist on Bitcoin’s Uniqueness
DBS investment strategist Daryl Ho talked about bitcoin in a recent media briefing, Finews Asia reported Friday. He explained, “If we just look purely on a price basis, you will see a lot of....
A recent claim that the Bitcoin price could surge to $220,000 in just 45 days has drawn sharp criticism from a financial strategist. The analyst frames such ambitious forecasts as unrealistic and highly speculative. Considering the recent decline in the BTC market, if the projection is taken at face value without supporting data, it overlooks ongoing market trends, macroeconomic conditions, and potential investor risks. Strategist Labels $220,000 Bitcoin Price Forecast “Nonsense” South Korean scientist YoungHoon Kim, who holds the world’s highest reported IQ of 276, recently predicted....
During 2020, Bitcoin price has risen from a low of $3,800 to $14,100, representing over 250 ROI year-to-date. As strong as this performance has been for the first-ever cryptocurrency, according to a Bloomberg Senior Commodity Strategist, Bitcoin may go “parabolic” in 2021 just like it did in 2017 and 2013. Here are the reasons for this prediction, straight from the Bloomberg Intelligence analyst. Bloomberg’s Mike McGlone: “Bitcoin May Undergo A Parabolic 2021” A new crypto […]
A senior strategist with Bloomberg Intelligence says that he does not see what’s going to stop bitcoin from appreciating. He explains that as bitcoin matures, it will trade more like gold than stocks. The strategist also shares his view on how the November presidential election could affect the price of bitcoin. Bitcoin Will Keep on Appreciating Bloomberg Intelligence’s senior commodity strategist Mike McGlone told Kitco News on Thursday that he does not see what will stop bitcoin from appreciating in value. Discussing the stock market outlook, the gold market, and....