The notable fluctuation of Bitcoin price levels continues. After Bitcoin's plunge below 6.000 USD, a massive surge clearly above 8.000 USD levels followed.
(Image: pixabay)
Most long-term Bitcoin investors do not plan to sell off their investment before 200.000 USD price levels, which amounts to 25-fold of its current price.
The faction of “100.000 Dollar+ Theory” believers further includes renowned Financial Institutions and well-established Economic Advisers: In this context, Saxo Bank predicts Bitcoin price levels of at least 100.000 USD within the next ten years. Financial Reasearcher Dennis Porter (Harvard) believes that this target might already be reached by 2021.
These predictions indicate a further accumulation phase before the next massive Bull Run, which might be a great opportunity for those, who prefered to carefully observe the past rally from the sidelines before taking the final step and riding the wave.
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