đŸ”„đŸ”„đŸ”„ #analyst Sees #bitcoin☀ Reaching $8 Trillion Market Cap: What Price Will This Surge Bring?

Bitcoin reached a two-month high of $66,500 last Friday, driven by increased market liquidity and renewed investor confidence.

- Crypto analyst Doctor Profit predicts that Bitcoin's market capitalization could reach $8 trillion by 2030, corresponding to a price of approximately $550,000. This prediction is based on several factors, including:

1. Increased liquidity

2. Gold market trends

3. Inflationary pressures and scarcity

4. Growth in the #M2 money supply

- Doctor Profit expects 3-4 significant corrections of 40-50% as Bitcoin approaches milestones such as $120,000, $160,000, and $220,000. However, he advises long-term investors to view these corrections as opportunities rather than risks.

- The analyst believes that a successful investment strategy can include active trading and holding. He encourages investors to stay informed and adapt to changing market conditions.

- At the time of writing, Bitcoin is trading at $63,938, recording losses of 3.4% in the 24-hour.


Source - newsbtc.com

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