Naeem Aslam, chief market analyst at ThinkMarkets, said yesterday in an interview with Fox Business that bitcoin price could jump to $60,000-$100,000 in its next rally.
The analyst's latest forecast has been 100% fulfilled. On June 17 he said the largest crypto by market cap would soon reach the $10,000 level boosted by institutional investors.
He has also highlighted several important levels that should be taken into account. According to him, when bitcoin reaches $20,000, its all-time high reached in December 2017, forecasts will become a little more conservative, expecting bitcoin to firstly reach $50,000, and later $100,000.
Aslam has also mentioned the fact that both bitcoin and gold have grown over the past two months, coinciding with the escalation of the commercial tension between the U.S. and China. This way, the analyst suggests that bitcoin is being used for storing value to avoid risk, just like gold.
John McAfee, former CEO and founder of the McAfee anti-virus company, said several years ago that in 2017, bitcoin would grow up to $5,000 and up to $500,000 in 2020. However, after the crypto currency jumped to $20,000 in December 2017, McAfee raised his forecast to $1,000,000.
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