š„š„š„ #analyst Sees #bitcoināļø Reaching $8 Trillion Market Cap: What Price Will This Surge Bring?
Bitcoin reached a two-month high of $66,500 last Friday, driven by increased market liquidity and renewed investor confidence.
- Crypto analyst Doctor Profit predicts that Bitcoin's market capitalization could reach $8 trillion by 2030, corresponding to a price of approximately $550,000. This prediction is based on several factors, including:
1. Increased liquidity
2. Gold market trends
3. Inflationary pressures and scarcity
4. Growth in the #M2 money supply
- Doctor Profit expects 3-4 significant corrections of 40-50% as Bitcoin approaches milestones such as $120,000, $160,000, and $220,000. However, he advises long-term investors to view these corrections as opportunities rather than risks.
- The analyst believes that a successful investment strategy can include active trading and holding. He encourages investors to stay informed and adapt to changing market conditions.
- At the time of writing, Bitcoin is trading at $63,938, recording losses of 3.4% in the 24-hour.
Source - newsbtc.com
