From $ 20,000 to $ 100,000.3 predictions for the bitcoin interest rate
Bitcoin will rise to $ 20,000 by the end of the year, said billionaire Galaxy Digital founder Mike Novogratz in an interview with CNBC. He is convinced that cryptocurrency will rise in price thanks to the influx of retail investors into the industry and the US government. The Federal Reserve Service is pumping money into the system, which will stimulate the BTC price to rise.
An even more favorable scenario for the price of bitcoin was expressed by Brian Kelly, CEO of BKCM LLC. In an interview with CNBC, he predicted that the price of the coin would rise to $ 50,000. This will happen closer to the second quarter of next year.
Kelly added that bitcoin has significantly better basic properties than precious metals, including gold. In particular, we are talking about the fact that the offer of cryptocurrency is potentially more limited due to halving, the businessman explained. He added that the BTC rate has traditionally entered a phase of long-term growth following the reduction in the remuneration of miners, the latter happening in May.
Well-known analyst Nicholas Merten also expressed confidence in the long-term rise in cryptocurrency prices. In a video on his Youtube channel, he said that the price of bitcoin has exceeded an important level of resistance, if you look at a logarithmic graph. This indicates the beginning of a long-term growth phase, which may last until November 2022 and lead to an increase in the BTC rate to USD 100,000.
Merten added that Bitcoin will test the $ 12,000 mark in the near future. If resistance at this level is broken, it will pave the way for continued growth in asset prices. In this case, it is likely to rise in price to $ 14,000.
Yesterday, July 30, the Glassnode analysis service reported that large investors began to actively buy cryptocurrency. In recent days, the number of wallets with a BTC balance of $ 1 million or more has increased by 38% to 18,000 addresses. The whales showed a similar interest in the XRP token.
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