A widely followed crypto analyst says that the top digital asset Bitcoin (BTC) could follow in the historical footsteps of gold and lead to a massive rally.
สล็อต เว็บตรงไม่ผ่านเอเย่นต์ไม่มีขั้นต่ำ เล่นเกมที่เว็บไซต์แห่งนี้ เป้าหมายของเราคือการให้บริการ ความช่วยเหลือที่ดีที่สุดแก่ท่าน ส่งเสริมการเล่นเกมอย่างมีความรับผิดชอบเท่านั้น ผู้เล่นของเราทุกคนต้องมีอายุ 18 ปีขึ้นไป เราปฏิบัติตามอย่างเคร่งครัดรับรองสภาพแวดล้อมการเล่นเกมออนไลน์ที่ปลอดภัย
In a new video update, DataDash host Nicholas Merten Tells YouTube’s 515,000 BTC subscribers could eventually hit a six-figure price, but it suggests that crypto-king must go down first.
“We could start to see the asset trade very similar to gold. Today I’m going to make the case for how Bitcoin could be that asset, especially after going through a sustained drop of 75% or so far and likely going through a decline of around 80-85% minimum …
After that, we can really start creating green pastures for Bitcoin [to] Rent that six-figure territory that a lot of people have been talking about since the previous bull market, about $100,000, $200,000, you name it, as people start to lose faith in the base currency, the dollar being the global reserve currency.”
The 85% drop from Bitcoin’s all-time high at around $69,000 points to a downside target of $10,000 per BTC.
Merten says that as inflation continues to ravage global markets, people will begin to nervous about fiat currencies, prompting them to move their capital into bitcoin, just as they did in the 1970s with gold.
“If the Fed cannot lead the way in calming inflation, and if the Fed cannot do so, we will lose confidence not only in the dollar, we will lose confidence in the global scope of fiat currencies…
If there is no stability in the dollar, there will be a lot of global liquidity that will want to go somewhere, and that is exactly what happened to gold in the 1970s.”
Bitcoin is trading at $20,006 at the time of writing, a 3% drop in the last 24 hours.
