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Some Analysts Believe Bitcoin Can Quadruple
Bitcoin is on a scorching run this year. Currently, it’s flirting with all-time highs. But that’s not preventing some cryptocurrency market observers from forecasting significantly higher prices. In what would be an obvious boon for ETFs such as the Coinshares Valkyrie Bitcoin Fund (BRRR), some experts believe bitcoin’s current bull market is still young. They believe when it reaches maturity, the cryptocurrency could more than quadruple from current levels. A new report by Tuur Demeester and Adamant Research indicates the largest digital is showing “mid-cycle strength.” The report indicates bitcoin could ... (full story)
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