MicroStrategy Posts Q1 Profit, Reaffirms Commitment to Bitcoin Investment Strategy
MicroStrategy, a business intelligence platform, has reported a profit of $94 million in the first quarter of 2023, marking its first quarterly...
The reason, he says, is that people are starting to lose confidence in the stock market.
Naeem Aslam is a well-known crypto profile and chief analyst at the stockbroker Thinkmarkets. He is also a great optimist when it comes to bitcoin.
In an interview with Fox Business that was broadcasted yesterday, he said he believes that bitcoin can reach anywhere between $60,000 and $100,000 during its next bull market.
Aslam, who a couple of weeks ago correctly predicted that bitcoin would reach $10,000, believes that when the cryptocurrency reaches $20,000, $50,000 will be achieved relatively quickly. When that happens, the price will continue up to $100,000.
The reason for the upcoming increase, he says, is that people are starting to lose confidence in the stock market, as well the US’s current trade war with China, Cointelegraph reports.
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