Speaking on his YouTube channel DataDash, Merten believes that Bitcoin’s next cycle will not only scale its current $20,000 all-time high but also hit $100,000. He said:
“I’ve already told you guys my expectation is that we’re going to $100,000 in this cycle, which will mean that we’re likely going to go somewhere around $2 trillion give or take. And that’s not crazy to ask for.”
He also gave a bullish forecast regarding altcoins as well. According to him, Bitcoin and altcoins will see more utility and will have more use as time goes on. Merten says the heavier crypto rally is still ahead.
“My idea here is that Bitcoin, as well as other cryptocurrencies, have yet to go through their largest cycle yet.”
While Merten believes Bitcoin will hit $100k, popular Bitcoin bull and venture capitalist Tim Draper believes that even $250,000 might be an understatement.
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