Murad Mahmudov, a former analyst at Goldman Sachs, estimates that Bitcoin (BTC) will reach $ 100,000 in the long run.
"Zoom out to see the big photo in the photo"
This bold prediction was made by Mahmudov, currently senior executive of the crypto hedge fund Adaptive Capital Twitter ad from August 13th. In this he means in terms of the current price level:
"At first, it looks like next week, the trend is down, but my instinct tells me that investors are taking advantage of such opportunities to continue." [Bitcoin] to buy. Not only do you frantically consider short-term developments, but zoom out to get an overview. In my opinion, the BTC climbs to $ 100,000 per piece. "
Technical analysis of Bitcoin course. source: @MustStopMurad
Mahmudov concludes that all key technical indicators suggest that $ 10,800 will provide significant support, which should be the bottom line of a short-term slowdown. Current daily rates would support this assumption.
Mahmudov concludes as follows:
"If I had to bet, I would stay patient and a little with every major support [Bitcoin] buy ".
However, the expert explicitly points out that his statements are neither financial advice nor an investment recommendation.
Top, the bet is true!
Anthony Pompliano, founder of Morgan Creek Digital Assets, last met the bold $ 100,000 price forecast. He considers the current monetary policy of central banks as a fuel for Bitcoin.
Pompliano also mentioned another important factor, namely the imminent "halving" of Bitcoin in May 2020. In doing so, the reward for mining is literally halved to increase the volume of traffic less. In doing so, the price should increase, which has already been proven in the previous halving.
As Cointelegraph reported in July, investors in the LedgerX crypto-trading platform can "wager" in the form of futures contracts that the price of Bitcoin will reach $ 100,000 by 2020.
At press time, Bitcoin has dropped below $ 11,000 today. As a result, it should soon be clear if Mahmudov's planned support will reach $ 10,800.