## 10X Research Bullish on Bitcoin, Targets $70,000 Marcus Sotiriou, a renowned analyst from 10X Research, has shared his optimistic outlook on Bitcoin's future price trajectory. According to his analysis, the leading cryptocurrency is poised to make a substantial move towards the $70,000 mark. Sotiriou's prediction is based on several key factors. Firstly, he highlights the recent surge in stablecoin issuance, particularly USDC, which now accounts for 40% of all stablecoin inflows. This increase suggests growing activity in decentralized finance (DeFi), which is a significant driver of Bitcoin demand. Furthermore, Sotiriou believes that the probability of a strong Q4 rally for Bitcoin is very high. He anticipates a "large spike" that could trigger further fear of missing out (FOMO) among investors. This prediction aligns with the broader market sentiment, which has turned increasingly bullish in recent weeks. Bitcoin has repeatedly set new record highs, indicating a strong appetite for the asset. Investors should note that while Sotiriou's analysis provides valuable insights, it is essential to exercise caution and conduct their own research before making any investment decisions.