New Bullish BTC Prediction: Bitcoin To Hit $500k

The crypto market looks better today with most of the coins trading in the green following the recent drop in the price of Bitcoin.

At the moment of writing this article, BTC is trading in the green as well and the most important coin out there is priced at $10,452.23.

The online publication the Daily Hodl notes that Dave the Wave analyst predicted that BTC would hit $500k eventually.

An important thing worth mentioning is the fact that Dave predicted BTC’s collapse from $11,600 to $6,400 back in 2019. Now, he reacted to Tyler and Cameron Winklevoss’ recent Bitcoin analysis.

The co-founders of the crypto exchange Gemini said that BTC is undervalued as long as it’s trading below $500k.

People Mentioned

Brother, business partner, and rowing teammate of Tyler Winklevoss, Cameron also co-founded Winklevoss Capital Management and Gemini, where he is currently the President. The Winklevoss twins and Gemini made their first acquisition this year, taking over Nifty Gateway, a platform for non-fungible cryptocurrencies.

Coins Mentioned

Companies Mentioned

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

Source: Read Full Article