Crypto Investor Predicts Bitcoin Price At $ 50,000
Bitcoin to hit $ 50,000 mark soon
Along with the main cryptocurrency, some alts will rise in value
The adoption of cryptocurrencies by investors is no longer in doubt
International consortium of news organizations developing transparency standards.
This was stated by Tuur Demester, IT Director of Adamant Capital. In his opinion, the coin is already preparing for a big move, which could positively affect some altcoins and the DeFi marketDecentralized finance (DeFi) is financial services built on the basis of blockchain technology that offer users access to an open, efficient and … More.
Bitcoin’s macro breakout is just around the corner
Bitcoin’s recent price move in the $ 8500 – $ 9900 range was not a macro breakout at all. Analysts are confident that the growth in the cost of military-technical cooperation is ahead. This idea was voiced by Tuur Demester, IT Director of Adamant Capital. In particular, he stated that the coin is already on the verge of rapid growth..
“I don’t know when the party was over … I could be wrong, but I think bitcoin is slowly preparing for a big step and some altos will follow. Compared to DeFi aligned coins, LTC can be seen as a fairly low level of risk, “Demester said..
His opinion is shared by the chief analyst of the crypto research firm Blockfyre. According to him, the trendline is a three-year downtrend formed at Bitcoin’s historic high of about $ 20,000..
Bitcoin can be worth $ 50,000 per coin, Demester said. Speaking to Messari earlier this year, the investor said Bitcoin could get $ 50,000-100,000 due to money printing and institutional adoption.
Bitcoin will become a massive asset
The value of bitcoin will rise amid its popularization among retail users and institutional investors. The former world chess champion Garry Kasparov is of the same opinion..
In an interview with Forbes, the former world chess champion said: “Anything that will allow us to take back control, or at least to some extent control our privacy, is always welcome.” He also added that “people are looking for alternative ways to preserve wealth and protect wealth from inflation or uncontrolled government interference in their financial affairs.”.
It is also noted that more and more bitcoins are entering the cryptocurrency markets. According to the results of the latest report of the analytical service Glassnode, in July this year (as of July 19), the volume of bitcoins entering cryptocurrency trading platforms, for the first time since January, exceeded the figure for BTC withdrawn from exchanges. It is noteworthy that before that, for almost six months, the outflow of bitcoins from crypto-exchanges consistently exceeded their inflow.
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