Cryptocurrency analyst predicts bitcoin’s growth to $ 100,000

❗ Not financial advice!

Ryan Selkis, CEO of the analytical company Messari, shared his forecast for the dynamics of bitcoin. According to the expert, in the next 12 months, the flagship of the crypto market will be able to overcome the $ 100,000 mark.

The expert emphasized that in the foreseeable future, more and more investors and large financial institutions will consider bitcoin as the only reliable asset. The forecast is especially relevant amid the depreciation of the US currency. Selkis believes that companies like MicroStrategy may start actively accumulating the flagship cryptocurrency before federal regulators can put significant pressure on BTC.

Meanwhile, bitcoin continues to be in a local bullish trend. This is primarily due to macroeconomic factors — the US labor market is experiencing another instability amid the banking system crisis. Experts believe that in such circumstances, the Fed’s activity will decline.

It should be added that at the time of writing, bitcoin is trading at $ 26,593. The rate of the flagship asset has increased by 6.86%, and the market capitalization is $ 513.7. The daily trading volume of BTC exceeded $ 13 billion.

It is worth noting that after a period of good performance, the flagship cryptocurrency may face a sharp decline. According to Altcoin Sherpa, a cryptocurrency analyst, the basic period for bitcoin to reach $ 30,000 is the next 4−6 weeks, after which the flagship cryptocurrency may fall by 50%.