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Dan Misaid, CEO of Pantera Capital – a company famous for its pioneering role in digital asset investments since 2013 – has made a bold evaluation invitation to Bitcoin coin. According to Morehead, the world’s leading cryptocurrency should be traded above $ 120,000, and may exceed $ 126,000, if the recent political and organizational developments are reflected entirely in market prices.
Is Bitcoin not badly?
Marided suit It comes at a time when the Bitcoin price rises only by only 24 % after the recent US presidential elections – a modest increase according to its criteria. In a publication on X, MoreHead refers to the large political and organizational developments that he says should have been paying the price of Bitcoin much higher than the current levels.
He wrote: “If a few days before the American presidential elections-with a $ 69,000 Bitcoin-the magician showed you a crystal ball, and you knew in the fact that the pro-profit candidate wins the presidency, Red Reed’s ranks and the Senate session, and 54 members of Congress in their seats. Crypting currencies), dropped most of the main SEC measures against the participants in the industry Blockchain and the president hosted a summit for inputs from industry … all this in ten weeks.
Then Morehead assesses the effect that these developments should have on Bitcoin’s evaluation: “I bet you will say that Bitcoin will be more than 24 %. In the way I thought, the markets were hardly moved in relation to the direction.
By identifying these landmarks-which ranges from a presidential victory in support of the reintegcial Congress to a series of supportive executive procedures-more indicates that the current price of the market fails to obtain what it deems as a natural upward trend.
It will put 83 % of the BTC upper trend over $ 126,000. These upscale expectations are particularly amazing given the background of the recent market fluctuations. Bitcoin has just suffered a decrease of more than 7 % after US President Donald Trump announced mutual definitions – a reminder that even promising expectations can be overwhelmed by sudden geopolitical and economic shocks.
Bitmex Arthur Hayes, also talks about x, It was a reaction To the sudden recession and the merchants warned of the possible volatile conditions in the coming weeks. His comments indicate that $ 76,500 is a decisive price ground. If Bitcoin maintains this threshold during mid -April, hayes believes that the market’s ability to restore traction will look more promising. ” Release
Meanwhile, Charles Edwards – founder and CEO of Capriole Investments –Hints Regarding the possibility of the federal reserve intervention, attracting similarities to the previous periods in which the expansionist monetary policy helped reshape the risks, and often backed bitcoin in this process. Keep in mind that the customs tariff comes up higher than expected. The Phility Fed Outlook Survey shows for expectations today similar to 2000, 2008 and 2022. How long until the Powell printer begins in the tinnitus? ” Commenting on X.
At the time of the press, BTC was traded at $ 81,811.
Distinctive image from YouTube, Chart from TradingView.com
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