Which is the Price – Target for Bitcoin ?
The all-time high level for Bitcoin could be around $69,000 but the investors’ expectations lay much higher than that. In a Morgan Creek Capital report, the mentioned target price for Bitcoin was $250,000 !!
Not this year, but in a 5-year horizon. Bitcoin’s value derives from its usage in the global economy in coordination with its scarcity. The scarcity derives from the halving events, that will be harder in the next years.
Which will be the trigger for the next bull market ?
Morgan Creek Capital mentions that FED will be in tough position with the quantitative tightening and it will be forced to stop it.
This would be the critical moment for the cryptos market to go to new high levels….