The bitcoin rate could rise to $ 500 thousand, said Brett Messing, chief operating officer of the investment company Skybridge Capital with assets under management for $ 7 billion. He called the massive inflow of capital from institutional investors the key condition for such growth. The cryptocurrency will not rise in price to the named goal if the digital asset market remains a small niche, RBC Crypto reports with reference to Decrypt.
“Bitcoin will either remain a super-niche asset, which costs between $ 500 and 50 thousand, or it will cost more than $ 500 thousand,” Messing said.
He added that the cost of bitcoin will rise to $ 100,000 within 15-16 months. The next target may be the $ 150 thousand mark, Messing is sure. From his point of view, if this level is passed, the movement to $ 500 thousand “will be easy.”
According to Messing, only the leader of the cryptocurrency industry – Bitcoin – deserves the attention of investors. At the moment, its market share is 64%, according to data from coinmarketcap.com. Since September, this figure has grown by 12%, and this trend will continue, Messing said.
In mid-January, the founder of the crypto investment company Pantera Capital suggested that the price of bitcoin could exceed $ 115 thousand by August of this year. He stressed that he would not bet “all his savings on the fact that this will happen,” but called such a scenario possible.
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