Story by: ALI
With the crypto community awaiting Bitcoin’s next price ATH, Blockroots CEO warns that they might be disappointed if they expect BTC to hit $100k or more.
NEXT BITCOIN PRICE ATH MAY NOT BE AS HIGH AS EXPECTED
Bitcoin has been a hot topic ever since it started a massive bull run in late 2017, which led the coin to its all-time high (ATH) at $20,000. As everyone knows by now, the coin saw a massive drop after that, eventually reaching only $3,200 as its lowest point in the last three years. After the bearish 2018, the following year started showing signs of recovery, taking Bitcoin price almost to $14k by June 22, 2019.
The coin then saw another drop, nearly cutting its price in half. However, the beginning of 2020 brought another surge that returned investors’ hope that this might be the year when BTC finally exceeds all previous milestones and goes as high up as to $100k, or more.
While this is a popular opinion, Blackroots’ CEO, Josh Rager, disagrees with it. Rager recently made his expectations known on Twitter, admitting that it may be an ‘unpopular opinion,’ but he sees it as more realistic.
In his recent tweet, he stated that Bitcoin’s next price peak will likely not be as high as people expect it to be. Despite the fact that numerous analysts have proposed prices from $100k to $300k — and some even suggested $1 million. Rager, on the other hand, claims that the simple rate of return shows the bottom to peak return reduces by 20% per cycle. With that in mind, he expects that Bitcoin’s next price ATH will only be between $75k and $80k.
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