ThinkMarkets analyst predicts bitcoin will rise to $ 100,000 in the next cycle ThinkMarkets lead analyst Naim Aslam expects bitcoin to be in the $ 60,000 - $ 100,000 range in the next rally. He announced this in a conversation with Fox Business.

ThinkMarkets Analyst Predicts Bitcoin Rise To $ 100,000 In Next Cycle

Naim Aslam, lead analyst at ThinkMarkets, expects bitcoin to be in the $ 60,000 - $ 100,000 range as a result of the next rally. He announced this in a conversation with Fox Business.

On June 17, Aslam announced that Bitcoin could hit $ 10,000 "in a couple of weeks." At that time, he pointed to the participation of institutional investors as the main growth factor..

Now that bitcoin is trading above $ 11,000, the analyst recommends looking at two key points in the future: $ 20,000 and $ 50,000. to him, after passing the first level, the forecasts will change from conservative to more daring, and after reaching $ 50,000, market participants will need to look towards $ 100,000.

Aslam also mentioned the possibility of using bitcoin as a risk hedging instrument, comparing digital gold with real gold. The instability of the situation in the global context, he called one of the key factors in the growth of the price of both assets in recent years..

The analyst thinks, what bitcoin has earned a reputation as a safe asset for preserving savings, and indicates the presence of signs of long-term investment in the leading cryptocurrency.

Formerly co-founder of Morgan Creek Digital Anthony Pompliano predicted Bitcoin's rise to $ 100,000 by December 31, 2021.

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