Bitcoin on an Unstoppable Path, Says Top Analyst; Ethereum Rallies on the Way, Forecasted for the Next Weeks
All signs are now pointing to BTC's success, according to a crypto analyst famous for correctly predicting the conclusion of the 2021 Bitcoin bull market.
The crypto expert predicts that Bitcoin will see greater worldwide popularity, which should lead to a significant price increase.
I don't think we'll see those prices again after trading in this range for so long.
An increase in the demand for exchange-traded funds (ETFs) is being seen. In the United States, several states are considering retaining it, and retirement funds are starting to distribute it.
In addition, the trader notes that, in terms of net assets, BlackRock's Bitcoin ETF is larger than the financial behemoth's gold ETF. Net assets for the iShares Bitcoin Trust (IBIT) and the iShares Gold Trust (IAU) both reached $34.33 billion and $32.949 billion, respectively, on November 8th, according to BlackRock.
Pentoshi states,
The day will come when several nations begin purchasing Bitcoin.
It took less than a year for the first flippening to happen. When things were slow, people simply grew impatient.
It makes me think of something my uncle, the modest investor Warren Buffet, once said.
One way that those who are impatient might send money to others who are waiting is via the cryptocurrency market.
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