Zach Bradford, CEO of the mining company CleanSpark, is firmly bullish on Bitcoin. He recently made a bold prediction that after the U.S. presidential election in November this year, the cryptocurrency market will usher in a strong rebound, and he is optimistic that Bitcoin will be "in 18 months." Soared to nearly $200,000."
Zach Bradford was interviewed by the analysis team of Wall Street investment firm Bernstein on Monday. He noted:
I believe Bitcoin could rise to a peak close to $200,000 over the next 18 months, which would likely be the peak of this bull market.
But I think the price of Bitcoin will rise quickly, and hopefully have a sustained period of highs before falling into a bear market cycle.
Zach Bradford also pointed out that Bitcoin's recent sideways trading is a "positive sign", which means that the subsequent upward trend may last longer. He also emphasized that no matter who wins the U.S. presidential election, the end of the election will help boost the price of Bitcoin.
Zach Bradford explained that the impact of the U.S. election on Bitcoin prices is not "who is president", but that after the election, "the uncertainty in the market is eliminated," adding that this can return the market to stability and boost investment. People's confidence creates a more favorable environment for Bitcoin to rise sharply.
I believe that a strong post-election rally in Bitcoin prices, from November to January, should lead to significant profit growth for miners with efficient cost structures.
In addition, Zach Bradford also believes that the Federal Reserve (Fed) has cut interest rates too slowly and is expected to take more aggressive actions in the next 15 to 16 months, which will be a big plus for Bitcoin.
Led by Zach Bradford, CleanSpark has become a strong contender in the Bitcoin mining space, with the company seeing significant growth in both revenue and adjusted EBITDA in recent months.
He also mentioned that CleanSpark’s current strategic focus is on Bitcoin mining and believes that the business opportunities in Bitcoin are more immediate than other technologies (such as AI). Zach Bradford pointed out that Bitcoin mining infrastructure can pay for itself faster and generate revenue within weeks, unlike other technologies that take years to see economic benefits.
Although the Bitcoin business is highly volatile, he said, "The key is to effectively seize market timing," and CleanSpark's strategy is to "sell at high points and hoard at low points." According to Zach Bradford, the company Currently holds nearly 8,000 Bitcoins (worth approximately $509 million).
〈CleanSpark CEO predicts: Bitcoin will reach “nearly $200,000” within 18 months〉 This article was first published in "Blocker".
