Bitcoin Hit $9,000: BTC To Witness A Surge To $30k Soon Due To These Triggers

Bitcoin has recently exploded, causing massive enthusiasm and surprise in the crypto space.

As Investinblockchain notes, BTC recently managed to surge higher above the $9,000 mark, and the most important digital coin in the market even reached $9,090 on CoinMarketCap.

Before this happened, “BTC was struggling to make any movement above the $8,888 level, causing BTC/USD to drop into support at $8,490.”

Another bullish BTC prediction

Another day, another optimistic Bitcoin prediction. The co-founder and managing partner at Kinetic Capital, which is a blockchain investment company just said that the incoming institutional investment in the crypto world of crypto provides a strong backbone for the future of this innovative industry.

Jehan Chu told Bloomberg that according to his opinion, Bitcoin would rise to $30,000, as investors look for alternative types of technology investments.

Potential triggers of the growth

“What people are really seeing now is that cryptocurrency is not going away. And you don’t have to take my word for it. It’s Facebook, it’s Jamie Dimon, it’s Rakuten, it’s Fidelity – all who are getting in the space either in building infrastructure or providing services. So that’s first. It’s going to drive mindshare and drive adoption,” he said.

He continued and pointed out the second catalyst: “Second, I think what we’re seeing is a counter-cyclical argument.”

He also said that the third trigger for this surge is the fact that Bitcoin halving is coming and that usually pushes the price in double-digit percentages.

He stated that all thee three factors combined will see BTC getting to $30k.

He also made sure to praise the enormous potential of ETH, Ripple, and XRP, as reported by the Daily Hodl.

1 7 - Bitcoin Hit $9,000: BTC To Witness A Surge To $30k Soon Due To These Triggers

Bitcoin in the market now

Now, BTC is trading in the red on CoinMarketCap, and the coin is priced at $8,263.55.

As you can see, since yesterday’s spike BTC dropped and Investinblockchain mentioned that “as Bitcoin exploded above $9,000, traders started to exit their positions causing the volatility to increase and price action to fall.”

They also note the fact that BTC surged so much is evidence that the bulls want to that the crypto higher.


Coins Mentioned

ETH

Ethereum

XRP

XRP

BTC

Bitcoin

Companies Mentioned

CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

Trending news

Top Exchanges
Icon
CEX.IO

3

Website

Icon
Coinbase

2

Website

Icon
Binance

1

Website

Top Casinos
Icon
7bitcasino

4.20

Website

Icon
BitStarz

4.93

Website

Icon
FortuneJack

4.55

Website

Top Sportsbook
Icon
1xBit

4.03

Website

Icon
Nitrogen Sports

4.73

Website

Icon
SportBet.io

4.60

Website

Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

1748 Articles

Top Exchanges
Icon
CEX.IO

3

Website

Icon
Coinbase

2

Website

Icon
Binance

1

Website

Top Casinos
Icon
7bitcasino

4.20

Website

Icon
BitStarz

4.93

Website

Icon
FortuneJack

4.55

Website

Top Sportsbook
Icon
1xBit

4.03

Website

Icon
Nitrogen Sports

4.73

Website

Icon
SportBet.io

4.60

Website

Trending news