ARK Invest’s Yassine Elmandjra has mentioned that Bitcoin might witness more than ten times growth in the mid- term if historical trends reiteration for a 3rd time.
According to the renowned analyst, Bitcoin might touch approximately four hundred thousand USD this bull cycle merely by replicating preceding performance.
In a recent tweet on 4th February, Yassine Elmandjra, a digital asset analyst at asset management firm ARK, divulged just how preliminary on in its present bull run Bitcoin truly is.
In contrast with 2013 and 2017, the present Bitcoin cycle is hardly off the kick off line, with a theoretical chart signifying that the top this time might jump as high as three hundred and ninety thousand dollars.
Elmandjra commented, “This is how bitcoin’s price would behave if the current bull market dwarfed the 2017 bull market in the same way the 2017 bull market dwarfed the 2013 bull market,”
He added, “The top would be around $390,000 per bitcoin. The red dot is where we’d be now.”
With different indicators all now directing to a prolongation of bullish upside for BTC, the analyst is not alone in forecasting serious development in the mid to long term. Nevertheless, fellow analyst Tuur Demeester noted that in 2013 the upsurge in BTC prices in fact beat that in 2017.
What do you think about the latest comments on BTC price upsurge potential suggested by the analyst? Let us know in the comments below!