What Are The Comments For Bitcoin, Which Is Worth $ 25K?

Blockstream CEO Adam Back explains why Bitcoin has set a new all-time high.

The price of Bitcoin (BTC) broke the all-time price record by seeing $ 25,000 on global exchanges as of December 26. Bitcoin’s market capitalization has risen to $ 465 billion in the process. So what comments do experts make for bitcoin in the long term?

The price of Bitcoin rose above $ 25,000 on exchanges such as Binance by Morning today. Bitfinex has raised as much as $ 24,997, but bitcoin has set a new record with $ 25,000 against the dollar. “Bitcoin will rise to $ 25,000 without testing (support) at $ 21,000, ” CryptoQuant CEO Ki Young Ju said on December 23.”he was right in his comment.

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In what direction are the long-term goals for Bitcoin?
Bitcoin overvalued by 240% in one year, according to CoinGecko data. The price was $ 7,100 earlier this year. Some analysts hope to see a similar performance in the coming months. The analyst, known as NebraskanGooner, gave targets of $ 36,000, $ 20,000 and $ 200,000, respectively, for bitcoin.

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NebraskanGooner shared this graphic on September 25, 2018

PlanB, known for the stock-flow model it developed for Bitcoin, thinks it could reach $ 100,000 by the end of 2021. PlanB, which has so far received effective results from the model it has developed, bases this forecast on the declining supply of bitcoin in the face of growing demand.

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” Monetary energy ” analogy for Bitcoin
Companies such as MicroStrategy, MassMutual, PayPal, Square have started buying bitcoin with different purposes and tools this year. This corporate interest in the cryptocurrency market has strengthened the Bulls. Willy Woo, known as an” On-chain analyst”, thinks that the bull cycle that Bitcoin entered this year is stronger than the previous one. Woo, who says he is now starting to become a new type of “asset,” expects bitcoin-indexed asset funds to grow in number. Bitcoin will thus “begin to penetrate the real world,” Woo says; ” we are going through an exciting period, ” he said.

MicroStrategy CEO Michael Saylor described bitcoin as a “monetary energy” in remarks this week. Referring to the model developed by PlanB, Saylor stated::

“Bitcoin looks like a battery filled with monetary energy. An average of 4 years is allowed for a reasonable investment. As long as Bitcoin trades above its 200-week moving average, the bitcoin network is gaining strength. Bitcoin is attracting more energy as the market heats up.”

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