The rising institutional adoption could increase bitcoin’s price to around $100,000 by the middle of the ongoing year, Trenchev opined.
“I’m quite bullish on bitcoin. I think it’s going to reach $100K this year, probably by the middle of it.” The macroeconomic realities such as the “cheap money” are “here to stay,” and that is great news for crypto, Trenchev added. He believes this is the second component that would fuel bitcoin’s price.Speaking of the current financial processes, it is worth mentioning the rising inflation caused by the COVID-19 health disaster and the subsequent mass printing of fiat currencies.
Enough with these bullshit articles!
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