Large investors will push bitcoin above $ 500,000, says Brett Messing, chief operating officer of investment company SkyBridge Capital.
It will take no more than 15-16 months to take $ 100,000 for the first cryptocurrency.
Bitcoin was able to rebound after a short-term drop below $ 30,000 on Friday. Subsequently, the first cryptocurrency moved to a sideways movement between $ 31K and $ 34K, but experts admit a new fall.
“Undoubtedly, the main event on the crypto market is the bitcoin correction. The coin broke not only the $ 32K support level, but also the $ 30K round level. After that, they began to buy the asset, however, confidence in the prospects from market participants will return only if Bitcoin turns to growth towards $ 40K. In the meantime, the situation is very precarious, “- said the team of analysts at FxPro.
The likelihood of further depreciation of bitcoin and other cryptocurrencies remains, warned three respected experts. Analyst of the Amsterdam Stock Exchange Michael van de Poppe allowed the BTC rate to fall to $ 24-26 thousand within a few weeks, writes RBC.
Analyst Ayash Jindal and director of investments at Guggenheim Partners Scott Meinerd consider it possible that the coin’s quotes could collapse to $ 20,000.
The bitcoin rate could rise to $ 500 thousand, said Brett Messing, chief operating officer of the investment company Skybridge Capital with assets under management for $ 7 billion. He called the massive inflow of capital from institutional investors the key condition for such growth.
Messing added that bitcoin will grow to $ 100,000 within 15-16 months. The next target may be the $ 150 thousand mark. If this level is passed, the movement to $ 500 thousand “will be easy,” Messing is sure.
On January 5, SkyBridge Capital launched a $ 310 million bitcoin fund.
Recall that before SkyBridge Capital, the growth of bitcoin to $ 500,000 was predicted by the founders of the Gemini cryptocurrency exchange, the Winklevoss brothers.
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