Ethereum

Bitcoin

Time

Bitcoin could reach $300,000 at the peak of the next bull run, according to William Quigley, co-founder of stablecoin Tether. This prediction is based on historical patterns and current market sentiment, which Quigley believes has no limits.
Quigley explained that Bitcoin is perhaps the only globally traded asset whose demand is based entirely on sentiment. “There is no Bitcoin company, there is no Bitcoin price-to-earnings ratio, it is just a sentiment-based token,” he said in a recent interview with CNBC. According to Quigley, this sentiment-driven structure of Bitcoin could potentially push its price to unprecedented heights.
The potential increase in Bitcoin's price is important not only for Bitcoin holders, but also for the entire crypto industry. Quigley noted that all tokens are correlated with Bitcoin, meaning a prolonged rise in Bitcoin's price could also boost other cryptocurrencies like Ethereum and Solana.
Currently, Bitcoin is trading around $66,522 and is up more than 50% so far this year. This impressive performance is due in part to spot ETFs starting trading this year and the upcoming halving event, which is typically a catalyst for further gains.
Related News: <a href="https://en.bitcoinsistemi.com/when-is-the-all-time-high-for-bitcoin-will-the-big-record-break-this-week-analyst-explained/" target="_blank" rel="noopener noreferrer nofollow">When is the All Time High for Bitcoin? Will the Big Record Break This Week? Analyst Explained</a>
While Quigley doesn't make a definitive price prediction, he does suggest that Bitcoin could rise 350% from its current price if history is any guide. “If you just apply historical patterns, I would say Bitcoin will surpass $300,000 at the peak of this next bull market,” he said.
According to Quigley, this could be the biggest rally Bitcoin has ever seen, and there is room for the coin to go much higher.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/if-bitcoin-exceeds-69000-how-far-will-the-new-record-extend-tether-co-founder-disclosed/" rel="noopener noreferrer nofollow">If Bitcoin Exceeds $69,000, How Far Will the New Record Extend? Tether Co-Founder Disclosed</a>

If Bitcoin Exceeds $69,000, How Far Will the New Record Extend? Tether Co-Founder Disclosed

Bitcoin Sistemi EN

2024년 3월 4일에 게재된 다른 기사

Three Major Trends Driving the Markets in March 2024

Crypto Market Recovers as Whales Are Accumulating These Altcoins

Binance CEO Richard Teng Summoned In Nigeria Over Alleged Financial Crimes

Revolutionizing Cloud Solutions: Introducing Cloud Binary Server

Can Scorpion Casino And DeeStream Overtake Cardano As One Of The Top Cryptos To Buy?

Bitcoin Hits New Heights in Global Currency Markets

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!