repeated bullish commentsAccording to Pal, the ongoing Bitcoin bull run is similar to the 2013 cycle but has pulled in more gains compared to the 2017 cycle.
“For it to get to kind of one standard deviation overbought it’s about $400,000. But if it gets to two standard deviations where it got to the last two times, it’s $1,000,000.”
Although Pal has a $1,000,000 price target on Bitcoin, the CEO said he “will probably take some [profits] off the table” if Bitcoin climbs $250,000.
“It’s difficult to know what to do. You can just hold it. It depends on your age and what you want to do with the money. You either want to keep it in Bitcoin because you want to participate in the next cycle so you think of it as just a savings vehicle….”
bestadmin
