Crypto analyst on Bitcoin: “$ 100,000 + is inevitable”
Recently, the popular pseudo-anonymous crypto analyst “KALEO” (@CryptoKaleo on Twitter) explained why he expects Bitcoin to outperform tech stocks and the price of Bitcoin to exceed $ 100,000 in the long run.
On June 17, KALEO told its more than 321,000 Twitter followers that it expected the price of Bitcoin to exceed $ 100,000 in the second half of 2021, the Ethereum price to exceed $ 10,000, more institutional adoption and more FUD.
As for 2022-2023, he said he expected to see major regulation against crypto, the price of Bitcoin falling below $ 50,000, the price of Ethereum falling below $ 1,000 and that other crypto assets are again suffering heavy losses.
Then, on June 20, KALEO took over Twitter to tell BTC holders to be a little patient and not to panic:
“I will repeat what I said – you can try to trade the scalp in this range, there are traders who kill it, but 95% of you will cut yourself to negative PnL in the process. Or you can buy here, wait, be patient for a bit, and thank you later. Bitcoin is not dead.
“That’s why I literally give zero shit when we have these little dips. $ 100,000 + is inevitable. These LTF moves are just distractions to make you forget about the big picture.“
He then added:
“Being HTF bearish here doesn’t make sense. The tech market has recovered from its spring depression to reach new all-time highs and is poised to explode in price discovery. Why should we expect #Bitcoin decouple and continue lower?
“Money continues to be printed at an unprecedented rate. Inflation isn’t going anywhere until the Fed decides to do something about it and raise rates. In my opinion, there is no way that could happen in Biden’s first year of presidency. Horrible optics. When that happens is when they realize the market is bubbling out of control (aka the tech bubble 2.0 story). Bitcoin will catch up with technology, and once again overtake it at the height of madness.“
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptoassets carries a risk of financial loss.
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