Bitcoin cryptocurrency is expected to grow by 600%

Famous crypto blogger Lark Davis shared his analysis of the current situation on the digital asset market. The expert announced a possible rise in the bitcoin rate to $ 180,000 in his profile on the X platform. Davis noted that the period of coin accumulation before the BTC halving «has historically been the best time to build positions.»

According to the analyst, the growth phase of the main cryptocurrency after the halving of BTC mining rewards can lead to a 500% to 600% increase in the rate of the main cryptocurrency above the current price. In this case, the value of bitcoin will rise to at least $ 150,000. According to other expert data, the launch of spot bitcoin ETFs will attract about $ 20−30 billion of «new money.» The expert assures that this state of affairs will allow investors to buy about half of all BTC circulating on centralized exchanges around the world.

Another popular Crypto market researcher Tony also commented on current events. He noted that smart money will definitely come. The expert added that it usually accumulates during serious cryptocurrency price drops, such as those currently observed. «Many people panic and sell, while far-sighted investors buy assets at a discount,» the crypto expert noted.

According to the analytical tracker CoinMarketCap, as of September 5, bitcoin is trading at $ 25,684, which is 1.11% lower than yesterday. The coin’s market capitalization amounted to $ 500.21 billion, and traders made daily trading deals worth $ 10.68 billion. Bitcoin’s market share is 48.3%.

Last year in September, crypto whistleblower ZachXBT created a Twitter thread accusing Lark Davis of Pump & Dump schemes. The author of the thread gave eight examples of how Davis' wallet (the address was publicly available) received tokens from new cryptocurrency projects with low capitalization. After publishing advertising posts, the blogger sold the coins he received. ZachXBT then claimed that Davis had fraudulently earned more than $ 1.2 million.