Believing, not seeing: Institutions still predict $100K Bitcoin price
Cointelegraph
Published Jan 23, 2021 03:43AM ET
Updated Jan 24, 2021 05:40AM ET
Despite Bitcoin price cooling off in recent days, with the premier cryptocurrency currently hovering around the $32,000 mark, it is still showcasing strong technicals as well as a thirty-day price gain of nearly 40%. Not only that, but even since its recent dip — which has seen the digital asset fall from its recently established all-time high of around $42,000 to its present value — the top crypto is still in the green over the last 12 months, exhibiting a value spike of nearly 300%.
In this regard, since the fourth quarter of 2019, a number of traditional finance players have been predicting big things for Bitcoin (BTC), especially as governments all over the world continue to print money in the form of “economic stimulus packages,” leading to fears of inflation becoming more prevalent but also of a looming economic disaster that could potentially result in a global recession of unprecedented proportions.
h3 Many institutions see BTC at $100,000-plus/h3Continue Reading on Coin Telegraph
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Written By: Cointelegraph
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