Bitcoin BTC/USD The price can witness a significant increase by the end of the year, according to Farid Thilchief executive officer Marchhon Holdings Inc. Mara. Thiel predicts that the cryptocurrency can double its current value this year.
What happened: In an interview with CNBC, Thiel shared his optimistic outlook on Bitcoin.
“I think there is a general consensus that the price of bitcoin will rise this year to between 150,000 dollars to $ 200,000 by the end of this year,” Thil said.
He pointed out that large bitcoin sales often attract purchasing benefits, while maintaining their price in the range of 95,000 dollars to 100,000 dollars.
“I think there is still a great belief that bitcoin will continue to rise,” he added.
Thiel attributes this possible increase to a more appropriate organizational environment and adoption by both the public and private sectors, and Bitcoin’s scarcity can also play a role in helping encrypted currency growth.
See also: This amount is set by the amount of 50 to a huge increase after a significant correction, the trader predicts
He stated that American banks may soon be able to keep encryption and suggestion, which leads to the allocation of a small percentage of their assets in Bitcoin.
Thiel also suggested the possibility of the strategic reserve of the American bitcoin, which may enhance the demand.
Why do it matterPrediction comes by the CEO of MARATHON Digital Company amid a background from various market analyzes and predictions related to the Bitcoin future.
According to a report issued by Standard Charged, Bitcoin has the ability to reach the highest new level ever exceeding $ 108,000 in February, and stops the lack of stimuli in the negative market.
The American treasury behavior, especially the return for 10 years, plays an important role in this view.
Moreover, the Katalin Tischhauser of Sygnum Bank highlighted that the billion -dollar strategic bitcoin reserve can lead to an increase of $ 20 billion in the maximum Bitcoin market.
This increase will result from direct capital flows and a significant increase in upward prices, driven by supplying a limited liquid of bitcoin.
Moreover, Michaёl Van de Poppe urged investors to adhere to their encrypted assets, while emphasizing that bitcoin is somewhat estimated while Altcoins remains less than its value.
Price work: At the time of writing this report, Bitcoin was trading at $ 9,200, a decrease of 0.8 % over the past 24 hours, according to what it said. Benzinga Pro.
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