According to the ThinkMarkets analyst named Naeem Aslam, Bitcoin has a massive potential to hit somewhere between $60,000 and $100,000 during the next bull run. Aslam’s statement was everywhere in the latest cryptocurrency news and first emerged in a Fox Business interview on June 24.
For those of you who haven’t been following our cryptocurrency news site, Aslam has been already featured for predicting a $10,000 Bitcoin price on June 17 – something which turned to be real past week. He then cited the institutional investment as a major driver for the BTC rally. However, the ThinkMarkets analyst is now again viral on many best cryptocurrency news sites for a new Bitcoin price estimate.
According to Aslam, the next mark for Bitcoin to reach is the $20,000 one – after which $50,000 will follow. The ThinkMarkets analyst is sure that by hitting $20,000, Bitcoin will move the discussion away from conservative estimates exceeding the number one cryptocurrency and its all-tme high to forecasts of $50,000. From there, as he said, breaking $50,000 will move the price target to $100,000.
Aslam also talked about the use of Bitcoin as a means to avoid risk, comparing the dominant cryptocurrency – often known as “digital gold” – with actual gold. He remarked that in the last two months, there has been a huge spike in price for the two assets which he attributed to lack of confidence in the stock market as well as the US and China trade war.
The altcoin news also show the ThinkMarkets analyst talking about a potential war in the Middle East as the biggest driver of recent growth in the diversifying assets. He said that BTC now has a reputation as a safe haven for storing wealth and said that there is evidence of investors “parking” their capital in the leading cryptocurrency.
Naeem Aslam has been right about Bitcoin reaching $10,000 which is why his statements are more than just plain predictions right now.
As we previously shared on our site, the Bitcoin podcast host Trace Mayer already said that the BTC price will likely close at $21,000 this year (based on current factors and the trajectory that BTC has right now). He also used his own ‘Mayer Multiple’ price indicator as an equation that involves dividing the current BTC price by its 200-day moving average.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Discussion about this post