Is $7000 a pre push-off bottom for BTC?
Has Bitcoin hit the bottom finally, ready to push off and fly up? Here are some bullish views on it from three experts:
BK Asset Management’s Boris Schlossberg;
Bitmex’s CEO Arthur Hayes;
VanEck/MVIS’s digital asset strategies director Gabor Gurbacs.
Schlossberg, usually bearish on BTC, surprisingly took the bullish stance this time, commenting that Bitcoin broke through several technical levels, while the development of Blockchain is going to support BTC as a “legitimate store of value going forward”.
Arthur Hayes reminded of earlier this spring, when BTC rallied from $5800 to $9000, and said that the today’s trend is similar, and that $7000 might not be the bottom before the push-off.
Gabor Gurbacs labeled Bitcoin a “digital gold”, a “de-risk asset”, aimed at people who would want to “outlay systematic risk”.
He also added that if at least 10% of the gold trade ever shifts into BTC, it would triple its market cap.
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