Paul Tudor Jones Bitcoin fractal hints at possible explosive BTC rally
Cointelegraph
Published Nov 28, 2020 04:48PM ET
Updated Nov 28, 2020 06:20PM ET
Based on the fractal, Bitcoin is in an early phase of a prolonged rally that could allow BTC to experience exponential growth in the longer term.
There are two main reasons why Bitcoin could follow the macro trend gold saw from the 1970s. First, BTC has a fixed supply that cannot expand, which makes it an attractive hedge against inflation. Second, BTC has the same qualities of a safe-haven asset that gold has.
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Written By: Cointelegraph
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