It seems that the crypto market has the ability to resist in front of the geopolitical tensions that the Russia-Ukraine war is triggering for a while now.
More than that, Bitcoin and the crypto markets are rallying despite the huge volatility that we’ve seen lately.
At the moment of writing this article, BTC is trading in the green and the king coin is priced at $40,358.
Bullish crypto predicitons ahead
A popular crypto analyst takes a macro look at Bitcoin (BTC) to get a clearer picture of where the king coin is heading after several months of volatility.
In a new strategy session, Benjamin Cowen made sure to highlight the fact that regardless of short-term price fluctuations, Bitcoin and the crypto space, in general, will continue to grow for years to come.
“The understanding that I have is that Bitcoin generally trends higher with time. The asset class is growing. There’s obviously a ton of great news. The user base is growing.”
He continued and said this:
“This is very likely going to be an asset class that continues to explode over the next several years and as we continue on into this decade.”
He continued and addressed Bitcoin’s running return on investment (ROI), where the baseline metric of one accounts for the break-even price.
“To give you an idea of recognizing this in a more practical way, rather than just saying two years ago the price was 1/10th of what it is today, is to go look at some of the longer-term running averages or running ROIs.”
He also said the following:
“One of the things we can look at is the three-year running ROI. Historically, it doesn’t really go below one that much.”
Despite the massive volatility, there are all kinds of optimistic Bitcoin predictions these days. Stay tuned for more news.