A prime Galaxy Digital government thinks Bitcoin (BTC) will finally attain $100,000 and past this market cycle.
In a brand new interview with CNBC, Galaxy Digital’s World Head of Buying and selling Jason City says $100,000 for BTC is within the realm of risk.
Based mostly on Galaxy Digital CEO Mike Novogratz’s $100,000 prediction and Normal Chartered’s latest $150,000 forecast, City says he’ll cut up it down the center and name for $125,000.
“I definitely suppose that $100,000 is predicted by lots of, I’ll say, crypto natives. As you already know, I’m out right here on the Digital Asset Summit in London this week and simply speaking to lots of the crypto natives, you already know, there actually is an underpinning. After which you’ve gotten lots of conventional finance gamers stepping in as nicely. And so I don’t suppose $100,000 is off the desk.”
City additionally hopes BTC can attain as much as $150,000 after taking a while to rebuild momentum from its latest retracement.
“I definitely hope $150,000 is the correct quantity, but it surely’s how we get there too that’s essential, proper? You want wholesome worth discovery and wholesome market motion. And so a bit little bit of a retracement right here off of the $73,000 highs, I feel you’re going to see a gradual construct. It’ll construct a base in right here after which hastily begin to actually drive greater. So I’ll play the diplomat and say $120,000, $125,000.”
BTC is value $63,953 at time of writing, down 11% within the final week.
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