The crypto market looks really exciting, and crypto enthusiasts are keeping their fingers crossed and hoping to see the most important coin in the market, Bitcoin hitting the psychological level of $10k once again.
There are various factors that are triggering this new rally according to analysts, and these include retailers’ interest in BTC, for instance.
Justin Sun just met with Warren Buffet and gifted him his very own BTC and this is said to have triggered a surge in BTC’s price as well.
Investing in BTC will pay off
It’s been revealed that the founder of Winklevoss Capital Management Cameron Winklevoss said that he believes Bitcoin is still in its early days and investing in BTC will be paying off those who are patient.
Winklevoss who is the owner of the popular US-based crypto exchange Gemini, reminds crypto enthusiasts to focus on the math.
“There are less bitcoin (21 million) than there are millionaires in the world today (~36 million). It will pay to be an early bitcoin adopter.”
There are less bitcoin (21 million) than there are millionaires in the world today (~36 million). It will pay to be an early bitcoin adopter.
— Cameron Winklevoss (@cameron) February 5, 2020
During a new interview with Yahoo Finance, Tom Lee charts Bitcoin’s trend moving forward.
“We’re really optimistic on crypto and bitcoin this year. Whenever bitcoin breaks back into its 200 day, its average six-month gain is 197%.”
Highlight: “We’re really optimistic on crypto and bitcoin this year,” @fundstrat’s Global Advisors Managing Partner & Head of Research Tom Lee says. “Whenever bitcoin breaks back into its 200 day, its average six-month gain is 197%.” pic.twitter.com/2tqzsuOV0m
— Yahoo Finance (@YahooFinance) February 4, 2020
Bitcoin optimistic predictions continue
Despite the huge volatility in the crypto market, there are still a lot of optimistic predictions regarding the price of BTC these days.
At the moment of writing this article, BTC is trading in the green and the most important coin in the market is priced at $9,774.68.
There are also some crypto enthusiasts are calling BTC’s latest price action the beginning of the next bull run.
Alex Mashinsky, CEO at Celsius Network stated that “It appears that US retail interest is driving Bitcoin’s latest price surge. The fact that US spot BTC prices are higher than those on crypto exchanges abroad is a strong indication of high US retail demand.”