Bitcoin is making headlines in the crypto space these days, and amidst the political and financial unrest, the king coin seems to be shining. Check out the latest optimistic predicitons about the digital asset below.
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $27,796.
Bitcoin price prediction is out
A popular crypto strategist is saying that Bitcoin (BTC) is inadvertently undergoing a positive brand-building process.
It’s been revealed that there is a new interview with David Lin, in which the anonymous host of InvestAnswers says that Bitcoin is currently “witnessing its best marketing campaign ever.”
According to the analyst, the ongoing banking crisis has led to the increased adoption of Bitcoin as people seek safe havens.
“During this last crisis of the last 10 days, we had the most rapid acceleration of new Bitcoin wallets we’ve seen. And of course, Bitcoin has gone up 70% in the last 90 days. Extraordinary movement for an asset like that.”
He continued and said the following:
“And the question the people face, like you mentioned, it’s a brilliant question – what do you do, okay? I can’t trust the banks, I can’t trust the treasuries because the US government is printing money like crazy, so it’s going to debase like crazy.”
He also stated this:
“Yeah, I might get 3.5% or 4% but the purchasing power is falling by 14% in real terms. What am I going to do? Do I put it into the stock market? Well, everybody says we’re going into a recession so the stock market is going to crash. That doesn’t sound good. Where do I find a hard asset? We saw gold spike to above $2,000 for a few hours…”
Stay tuned for more info from the crypto space and make sure to keep your eyes on the markets.