Solana

Bitcoin ETF

Bitcoin

Read

<div class="cryptonews">
 <p class="is-style-lead">Popular cryptocurrency YouTuber CryptosRUs predicted in a recent video that Bitcoin (BTC) is on the verge of another major rally.</p>
 <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
  <div class="wp-block-embed__wrapper"><iframe title="BRACE For Another MASSIVE Bitcoin Rally | Solana PUMP" width="1020" height="574" src="https://www.youtube.com/embed/tvgDeWToKjM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
  </div>
 </figure>
 <p>In the Oct. 31 video, CryptosRUs pointed to increasing institutional interest and adoption as reasons why Bitcoin may be poised for significant gains. He highlighted the numerous spot Bitcoin ETF filings by major financial firms like BlackRock and Valkyrie as evidence that big investors are preparing to enter the market.</p>
 <p>The YouTuber also noted the record amount of money the U.S. Treasury plans to borrow in Q4 2023 — $776 billion. He suggested this excessive money printing could drive further adoption of Bitcoin as an inflation hedge.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Bitcoin trading volume reaches maximum in six months
 </div>
 <p>In addition, CryptosRUs cited billionaire investor Stan Druckenmiller’s recent comments that Bitcoin could be a good investment for millennials. Druckenmiller said he doesn’t own any crypto currently, but conceded Bitcoin has brand value and he “should probably own some.”</p>
 <p>Beyond Bitcoin, the YouTuber noted the major rally in Solana (SOL) over the past month, gaining around 80%. He revealed he personally profited from Solana’s rise through leverage trading, turning $3,000 into $9,000 in one day. However, he cautioned his viewers not to follow his risky trading strategies.</p>
 <p>CryptosRUs concluded by telling viewers to “strap on” and “get ready” for Bitcoin’s imminent breakout, predicting new all-time <a rel="noopener noreferrer nofollow" title="highs" href="https://thebittimes.com/tag/highs.html">highs</a> are likely in 2024-2025 based on historical 4-year cycles.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Bitcoin’s weekly surge could be driven by liquidity shortage
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/new-bitcoin-highs-are-coming-analyst-tbt68554.html">https://thebittimes.com/new-bitcoin-highs-are-coming-analyst-tbt68554.html</a></p>

New Bitcoin highs are coming: analyst

TheBitTimes

Other articles published on Oct 31, 2023

How Tokenization Is Benefiting Game Developers and Players

5 Crypto Patut Lirik Pekan Ini: PEPE, Bitcoin Minetrix, SOL dan 2 Lainnya

SOL Price (Solana) Momentum Reignites: Indicators Signal Surge To $38

An Astounding 22,500% Return! With Just $8, He Secured 1 ETH on SuperEx 1USD — Where Miracles Are...

Viberate (VIB) Coin Soars 40% for the Second Time in a Month, Breaking Year-Long Downtrend

SBF says spending FTX customers' money was part of 'risk management': Report

Join our free newsletter for daily crypto updates!