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Bitcoin (BTC) and the dollar: Saylor’s forecast
The post Bitcoin (BTC) and the dollar: Saylor’s forecast appeared on BitcoinEthereumNews.com. The price of BTC could once again become inversely correlated with the dollar, so much so that the famous co-founder of MicroStrategy, Michael Saylor, has made a decidedly bull prediction. From the moment of Donald Trump’s victory in the US presidential elections on November 5, the trend of Bitcoin’s price has temporarily abandoned the inverse correlation with the Dollar Index, but in the medium term, it could recover it. Saylor’s forecast on Bitcoin (BTC) and dollar Yesterday Michael Saylor gave an interview to CNBC in which he talked about Bitcoin. His was a double forecast on the price of BTC, because he expressed himself on both the bull and bear highs and lows by the end of the year. Regarding the lows, he said that he does not think it will reach $60,000, and that from here on it will rise further. He stated it because other analysts predict a drop even below 60,000$. To tell the truth, many analysts argue that $82,000 should hold, but there are also those who are more optimistic. However, the other figure circulating is $75,000, which it had reached on the day of Trump’s victory, while $60,000 is really a level that few indicate as likely. The other prediction by Sailor concerns the highs. He stated that he is organizing a party for New Year’s Eve at his house during which the $100,000 price of BTC will be celebrated, and that he would therefore be surprised if this figure does not arrive in November or December. The fateful $100k It has now been more than three years since the hypothesis has been circulating that the price of Bitcoin could even exceed the psychological threshold of $100,000, and the day before yesterday a significant step was made in this direction, reaching over $93,400. However, Saylor…
The post Bitcoin (BTC) and the dollar: Saylor’s forecast appeared on BitcoinEthereumNews.com.
The price of BTC could once again become inversely correlated with the dollar, so much so that the famous co-founder of MicroStrategy, Michael Saylor, has made a decidedly bull prediction. From the moment of Donald Trump’s victory in the US presidential elections on November 5, the trend of Bitcoin’s price has temporarily abandoned the inverse correlation with the Dollar Index, but in the medium term, it could recover it. Saylor’s forecast on Bitcoin (BTC) and dollar Yesterday Michael Saylor gave an interview to CNBC in which he talked about Bitcoin. His was a double forecast on the price of BTC, because he expressed himself on both the bull and bear highs and lows by the end of the year. Regarding the lows, he said that he does not think it will reach $60,000, and that from here on it will rise further. He stated it because other analysts predict a drop even below 60,000$. To tell the truth, many analysts argue that $82,000 should hold, but there are also those who are more optimistic. However, the other figure circulating is $75,000, which it had reached on the day of Trump’s victory, while $60,000 is really a level that few indicate as likely. The other prediction by Sailor concerns the highs. He stated that he is organizing a party for New Year’s Eve at his house during which the $100,000 price of BTC will be celebrated, and that he would therefore be surprised if this figure does not arrive in November or December. The fateful $100k It has now been more than three years since the hypothesis has been circulating that the price of Bitcoin could even exceed the psychological threshold of $100,000, and the day before yesterday a significant step was made in this direction, reaching over $93,400. However, Saylor…
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