Expert Mike McGlone, via Twitter, asserted that the reallocation of gold capital to Bitcoin and Ethereum is underestimated and that this could drive the cryptocurrency to $100,000.
Despite negative factors for Bitcoin, such as the ban in China, which have lowered the cryptocurrency\'s price, several experts and analysts foresee short-term growth that could even push the price of Bitcoin to $100,000 at the current exchange rate.
In August 2021, Adrian Zdu?czyk, a crypto expert who anticipated Bitcoin\'s successes, predicted a 90% drop immediately afterward.
Some sectors are proposing that the U.S. Securities and Exchange Commission approve a Bitcoin exchange-traded fund (ETF). Through this system, those who invested in the ETF would profit from rising Bitcoin prices and lose from falling prices, but without actually buying Bitcoin at any point. The widespread belief is that this would attract all types of investors, including those with limited confidence in the cryptocurrency.
How high can cryptocurrency prices go after China\'s decisions? Several experts explain why they believe the upward trend will not be halted. And if it does, the price of Bitcoin will most likely enter a significant upward trend.
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