MicroStrategy’s Michael Saylor addresses the future of money. He says that this is in strong connection to Bitcoin’s Lightning.
The financial future is about Bitcoin
Check out the relevant tweet that notes what we just said above:
— Bitcoin Magazine (@BitcoinMagazine) January 8, 2023
Someone noted this:
Lightning Network has 30000000 transactions/second.
— gorogorogoro3 (@tomtomgoro) January 8, 2023
Regarding Bitcoin’s price today, at the moment of writing this article, BTC is trading in the green and the king coin managed to surpass $17k.
Bitcoin price to see a rally soon
A popular crypto strategist and trader reportedly believes that Bitcoin (BTC) and one Ethereum (ETH) rival are gearing up for huge rallies.
Pseudonymous analyst Inmortal said that he sees Bitcoin rallying close to $30,000 in the coming months. This could reportedly happen before a final capitulation event that takes BTC to $12,500 later this year.
Here’s what he had to say:
“Two relevant levels: 2018 and 2021 yearly open. > Bear market rally mid 2023 > Sub-20,000 in late Q4.”
Regarding the price of BTC, the analyst mentioned above is not the only one who is predicting the price for the king coin. Mike McGlone, Bloomberg’s senior macro strategist, says Bitcoin (BTC) is “poised to come out ahead” after the current bear market. He also said that it could take a serious price dip first.
McGlone noted in a new analysis that the potential for a global recession this year could turn into the very top factor in determining Bitcoin’s price.
“Our bias is that Bitcoin is more likely to come out ahead in most scenarios, but if the inverted yield curve is an indication, economic growth will ebb sharply, with implications for all assets. The benchmark crypto could revisit good support at around $10,000-$12,000 before resuming its enduring upward price trajectory.”