A senior Bitcoin mining executive expects prices to continue rising in the ongoing bull market cycle.
In an interview with Bernstein, a major Wall Street firm, CleanSparkâs CEO predicted that Bitcoin Bitcoin
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Bitcoin would rise to $200,000 in the next 18 months. If his view is correct, he expects the coin to rise by 210% from its current levels.
CleanSparkâs CEO is bullish on Bitcoin
Zachary Bradford cited several potential catalysts for Bitcoin, including Federal Reserve interest rate cuts, the conclusion of the U.S. general election, and the dynamics of the post-halving cycle, according to The Block.
He also expects that well-run, low-cost, pure-play mining companies will outperform firms like Core Scientific and TeraWulf, which are diversifying into artificial intelligence.
Bradfordâs statement is notable because he runs CleanSpark, the third-largest mining company in the industry in terms of market cap, after Marathon Digital and Core Scientific.
The most recent results showed that CleanSparkâs revenue rose to $289 million in the nine months to June, while its adjusted EBITDA rose to over $238 million.
CleanSpark is also one of the largest Bitcoin holders in corporate America, with 7,558 coins worth $482 million on its balance sheet.
Bradford joins other high-profile analysts who have delivered bullish statements on Bitcoin. In a recent CNBC interview, MicroStrategyâs founder, Michael Saylor, predicted that the coin would reach $13 million by 2045. MicroStrategy owns over 252,000 Bitcoins, which would be worth over $3.2 trillion if it reaches his target level.
BlackRock, the largest asset manager with over $10.4 trillion in assets, has also delivered a positive Bitcoin prediction. In a white paper, three senior executives argued that Bitcoin was an ideal asset for portfolio diversification.
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Ki Young Ju, the founder and CEO of CryptoQuant, also believes that Bitcoin is in the middle of a bull cycle that could push it higher.
Odds of Bitcoin rising to a new all-time high have also jumped on Polymarket, the fast-growing prediction platform.
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Bitcoin needs to flip key resistance level
Bitcoin price
Bitcoin price chart | Source: TradingView
Bitcoin has formed some positive technical patterns. On the daily chart, it has formed an inverse head-and-shoulders pattern and remained above the 50-day and 200-day Exponential Moving Averages. It has also been forming a falling broadening wedge pattern since March.
However, the main challenge is that it has found a strong resistance point around the $68,000 level. It has failed to move above this trendline five times since March.
Therefore, a break above that trendline will point to further upside, with the initial target being $73,777, its highest point this year.
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Price Analysis
New crypto ICO to consider before Shiba Inu begins Uptober rally
New crypto ICO to consider before Shiba Inu begins Uptober rally
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
ETFSwap crypto ICO token as a must-have altcoin that will scale investorsâ portfolios up to 80x when Shiba Inu begins its Uptober bullish rally.
Table of Contents
ETFS programmed to lead 80x bullish altcoin rally in October
SHIB bulls build momentum ahead of Uptober rally
Conclusion
Veteran crypto analysts are driving crazy FOMO into the ETFSwap (ETFS) viral crypto ICO token after recommending it as a must-have altcoin programmed to rally 80x and scale investorsâ portfolios when Shiba Inu (SHIB) begins its famed Uptober rally in October 2024.
ETFS programmed to lead 80x bullish altcoin rally in October
The ETFSwap crypto ICO token has received million-dollar inflows from smart investors after bullish forecasts from veteran analysts reveal it will rally 80x and yield six-figure profits to investors when Shiba Inu begins its bullish rally in October. ETFSwap is gaining popularity in the crypto industry as it is a next-generation DeFi utility token created on Ethereum to bridge the gap between centralized finance and blockchain technologies.
ETFS is a gateway token that provides centralized finance users unlimited access to tokenize their real-world assets and trade them on-chain via its decentralized finance exchange and trading platform. The ETFS crypto ICO token will facilitate lightning-bolt transaction speeds between crypto users who will pay the cheapest trading fees on its DeFi platform. ETFSwap is in the final stages of phase 1 of its beta platform launch.
ETFSwap beta platform users will gain access to stake their cryptocurrencies and tokenized ETFs on its liquidity pools and generate passive income and rewards of up to 87% APR in staking yields. ETFSwap users will enjoy the best of DeFi and get full coverage of the crypto market events, including up-to-date prices of exchange-traded funds after the team completes its UI testing. Phase 1 of the ETFSwap beta platform has a robust backend development with an embedded swap function that will enable crypto traders to trade ETFS for in-demand tokenized ETFs accessible to institutional players and top asset managers.
ETFSwap beta platform users can swap the ETFS crypto ICO token for high-profit tokenized ETFs, including bonds, equity, market, fixed income, commodity, spot Bitcoin, and spot Ethereum ETFs, among others. The user-friendly ETFSwap DeFi platform does not mandate users to provide sensitive KYC information during signup before accessing the wealth-building opportunities on its platform. ETFSwap is designed to operate 24/7, allowing smart traders to take advantage of intraday trading opportunities.
Crypto traders will enjoy optimal trading liquidity when they trade futures and perpetual contracts of over 6,200 cryptocurrencies, including Shiba Inu, which will list on its DeFi platform. The DeFi is permissionless and allows users to manage their crypto portfolios themselves. The ETFS token value could be unmatched when it launches its public ETF for trading in 2025.
ETFSwap is programmed to become one of the safest trading DeFi platforms for trading and investments as its smart contracts audited by CyberScope reveal no vulnerabilities. The ETFSwap developers are doxxed and accessible in the crypto industry and have completed KYC with the SolidProof audit firm.
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SHIB bulls build momentum ahead of Uptober rally
Shiba Inu is on the top crypto watchlist of veteran traders who are confident it will lead an uptober rally alongside the ETFSwap crypto ICO token in October 2024. Shiba Inu forecasts by veteran traders to rally massively in October come in as bulls build momentum to break price resistance on its September monthly trading charts.
Meanwhile, while positive market sentiments surround Shiba Inuâs growth potential, ETFSwapâs viral crypto ICO token receives bullish forecasts from expert traders.
Conclusion
The ETFSwap undervalued crypto ICO token selling at $0.03846 is one of the most promising crypto bets for retail crypto investors looking to make huge gains as it is prepared to lead an 80x Uptober rally alongside Shiba Inu in October 2024.
To learn more about the ETFS presale, visit the ETFSwap presale and join the ETFSwap community.
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ETFSwap set to make more crypto millionaires than Bitcoin and Shiba Inu in 2024
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