QCP Capital predicts a price of $74,000 for Bitcoin
Investment company QCP Capital has predicted that Bitcoin's upward trend could take its price to its previous peak of $74,000 in the next few months. This prediction was made after the rise in the price of Bitcoin on May 15 following the growth of inflows to exchange-traded funds and the release of the April consumer price index, which showed a decrease in inflation. Some large companies have also allocated a percentage of their assets under management to invest in Ethereum and Bitcoin funds. QCP Capital also considers favorable market conditions, such as the acceptance of digital currencies by governments and the reduction of inflation, among the factors affecting the possible future upward trend of Bitcoin.
