Altcoin News: Lead ThinkMarkets Analyst Predicts Bitcoin Growth to $100,000 During the Next Cycle

June 25, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Lead analyst at ThinkMarkets Naeem Aslam expects Bitcoin to be in the range of $60,000 — $100,000 as a result of the next rally. He said this in a conversation with Fox Business.

On June 17, Aslam said that Bitcoin could reach $10,000 “in a couple of weeks.” As the main factor of growth, he indicated the participation of institutional investors.

Now, when Bitcoin is trading above $11,000, the analyst recommends paying attention to two key points: $20,000 and $50,000. According to him, after passing the first level, the forecasts will change from conservative to bolder, and with the achievement of $50,000, market participants need will look towards $100,000.

Aslam also mentioned the possibility of using Bitcoin as a risk hedging tool, comparing digital gold with real gold. The instability of the situation in a global context, he called one of the key factors of growth in the price of both assets in recent times.

The analyst believes that Bitcoin has earned a reputation as a safe asset to save savings, and indicates the presence of signs of a long-term investment of capital in the leading cryptocurrency.

Earlier, Morgan Creek Digital co-founder, Anthony Pompliano, predicted Bitcoin growth to $100,000 by December 31, 2021.

Author: Marko Vidrih