with Bitcoin (BTC) falling below $ 7000 for the first time since November, several experts in cryptocurrencies have predicted a bullish run. Experts told CNBC today, February 7, that the total market capitalization of all cryptocurrencies could reach $ 1 trillion and that the BTC could reach $ 50,000 by the end of this year.
Jamie Burke, CEO of Outlier Ventures, Blockchain's first European incubator, told CNBC that the planned closure will be followed by a general adjustment of the market:
"We believe that after February, the market will probably go in a bullish comparative if it is not higher than last year, reaching the one trillion dollar mark before an appropriate winter crypto is established in which the market focuses more on the fundamentals of the market. "
"There is no reason why we can not see Bitcoin reaching $ 50,000 by December"