US tax authority is arranging a crypto summit – wants to listen to the industry
The US tax authority, the IRS, will arrange a summit with several big crypto companies in early March.
Crypto analyst on the bitcoin price: May reach $100,000 during next bull run
Image source: Shutterstock / Trijo News
2019-06-25 12:59
Teodor Stig-Matz
teodor.matz@trijo.coThe 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.
Predicted the rally to $10,000
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.
