According to Andre Dragosh, the growth of the popularity of the coin will be provided by the influx of capital. In the current market cycle, Bitcoin can exceed $ 200,000 in the base script, the analyst believes.
“Over the next few years, we will see a growing influx of funds. If we consider this in the context of the four -year bitcoin cycle, it turns out that the cycle will be extended, ”the expert said.
He said that in the USA now the main investments in cryptocurrency are passing through several large banks such as Merrill Lynch or Morgan Stanley. At the same time, less than half of the banks enable customers to invest in bitcoin through exchange funds.
Now investors should be patient and be prepared for the fact that cryptocurrency quotes may fall. But in the long run, the bull cycle is inevitable, the expert emphasized.
Earlier, the head of the research company Presto Research, Peter Chung, said that bitcoin is a “double agent”: risky investment and digital gold at the same time.
Source: Bits
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