LIVE
😱😱😱Economist Lyn Alden: Reaching $100 thousand in Bitcoin is not difficult
US analyst #lynalden one of the macro economics experts, said that the target of 100 thousand dollars in Bitcoin is not difficult at all. Speaking to Blockworks, one of the well-known institutions of the cryptocurrency media, Alden also stated that there is currently a supply shock in Bitcoin.
"Long-term investors do not want to sell”
Noting that long-term investors are reluctant to sell their #BTC , Alden said that the current price remains low for this group of investors:
“I think we are in the middle of the bull season. Most of the metrics I follow show this. I think the next 18 months are seriously positive. Bitcoin follows the global liquidity path well. As this liquidity increases, the price of Bitcoin will also increase. A supply shock is approaching, and we see that long-term investors with a large number of Bitcoins in their hands also do not want to sell right now. This price is cheap for them and they do not want to launch their valuable coins on the market. In the past, we have seen that as the price increases, older coins have entered more exchanges. At the moment, this number is very small...”
"At least 100 thousand dollars is not difficult at all”
Alden, who stated that he has been saying for a long time that there is an expectation of an increase in the price of Bitcoin, said, “As I said, the next 18-month period is bright in my opinion.... I would like to say the same for gold. I think that at least 100 thousand dollar price will be seen for Bitcoin during this period. If this level comes, it will not be a surprise for me at all,”he said.
