This Trigger Will Boost Bitcoin To $200k
Bitcoin continues to struggle below $10 this month as well, after a few re-tests of the important level of $10k. This is a crucial FOMO0triggering resistance level and hodlers are awaiting the king coin to finally surpass it and trade above $10k.
Bitcoin has been consolidating above $9,000 for quite a while now. At the moment of writing this article, the king coin is trading in the green and it’s priced at $9,381.23.
Bitcoin’s priceless feature
It’s been revealed by the online publication the Daily Hodl that market analyst and podcaster Preston Pysh said that the anonymous Bitcoin creator built a priceless feature straight into the king coin.
In a new interview on the What Bitcoin Did Podcast, Pysh said that Nakamoto’s coding and economic genius is centered on BTC’s limited supply of 21 million coins and on the fact that each BTC can be divided into 100,000,000 smaller units known as satoshis.
“I think that you’re definitely dealing with some sort of savant but on a level that it’s not just in one field of study. It’s pretty much in like all fields of study. Which makes you kind of think, ‘Well then they’re had to have been more than one person because no one person could possibly have this much foresight and this much expertise in this many areas,” he said as cited by the online publication mentioned above.
He continued and explained, “Even from a branding and marketing standpoint, the fact that Satoshi only made it 21 million coins but had 10 to the negative 8th units to the right of the decimal… you could argue it’s a $500 billion to $1 trillion marketing strategy, with the amount of buzz that it creates when the price goes over $200,000, and it goes over $100,000. Can you imagine if you were going to put a price tag on the marketing that’s going to create?”
He also said that the countries struggling the hardest will see the value of BTC and the US will be the last one to embrace the king coin due to the US dollar.
As a conclusion, he believes that BTC’s price is about to race to the moon.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
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.