Crypto analyst on the bitcoin price: May reach $100,000 during next bull run

Crypto analyst: Bitcoin could reach $10,000 in its next bull run

Image source: Shutterstock / Trijo News

Teodor Stig-Matz

teodor.matz@trijo.co

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.

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.

Follow Trijo News on FacebookTwitter and Instagram.

Keep up with the latest news

Read more