BTC price: up or down?
Over the past two weeks the price of Bitcoin has risen by 23%. Experts call this a recovery from the mid-May crash that shaved one third from its price within a day. In April, Bitcoin reached its all-time-high at $64,300.
With that said, a lot of experts believe Bitcoin is currently undervalued. Pantera Capital founder Dan Morehead in an interview with Yahoo Finance has opined that BTC has the potential to reach $700,000. A similar forecast comes from the co-founder of Digital Assets Data (NYDIG subsidiary) Mike Alfred. He believes BTC will reach $1,000,000 within 10 years. What’s your take on where Bitcoin is going? If this retail investors pumping the price while the whales watch on ? Large whales don’t seem to be buying so are you predicting the market with fall again ?
