$90M Daily? What Would It Mean to Sustain Bitcoin Price at $100,000

Cointelegraph

Published Jun 06, 2020 10:00AM ET

Updated Jun 07, 2020 12:00PM ET

Industry executives and famed technical analysts including Morgan Creek CEO Mark Yusko and trader Peter Brandt predict Bitcoin (BTC) to reach $100,000 in the long-term. For that to happen, the top cryptocurrency needs to see consistent accumulation.

According to options trader Theta Seek, for the price of Bitcoin to remain stable at that price point, investors need to invest $90 million in BTC every day.

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