For this financial guru, there is a catalyst that could trigger the price of the cryptocurrency created by Satoshi Nakamoto: women, who according to the expert manage “50%” of the wealth of the United States.
Draper used in his explanation that when women begin to use Bitcoin, the user base will expand in a way not seen before, a context that will boost its price as it is an asset with limited issuance.
“There can only be 21 million Bitcoins, this also influences its price to increase all the time,” added the expert.
On the other hand, the investment director of the Guggenheim fund, scott minerda benchmark in the world of finance, predicted a worrying future for Bitcoin: its value will drop to around $8,000.
The expert explained that “when it breaks below $30,000 consistently, $8,000 is the ultimate bottom, so I think we have a lot more room to the downside, especially with the Fed being tight.” .
And although for the director of Guggenheim BTC and Ethereum (ETH) will survive the crisis that crypto assets are going through, he made a lapidary comment against the rest of the ecosystem: “Most of these coins are not coins, they are garbage”.
Days ago, JP Morgan, one of the most renowned American investment companies, said that it believes that Bitcoin is currently undervalued. And according to their estimates, it is almost 30% below its “fair price”.
for the institution, the price of the cryptocurrency should be about 38,000 dollars per unit.
Source: Ambito
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