After Bitcoin managed to surge above $50k, the king coin seems to be consolidating above the important resistance level.
Bitcoin maximalist Hodlonaut dropped his famous line and said that we’d probably never see Bitcoin below $50k again.
It sure looks like we will never see Bitcoin below $50k again
— hodlonaut 🌮⚡🔑 🐝 (@hodlonaut) February 17, 2021
The truth is that he said this when BTC hit $20k, then $30k, and so on, and fortunately, he was right all along.
“50k is a super cheap entry point. We went from the visionary phase to the early adopters phase. Don’t be told otherwise Bitcoin will reach 5-7 million easy where it will stabilize. If the fed keeps printing, this price could go way way higher,” someone tweeted.
At the moment of writing this article, BTC is trading in the green, and the kind coin is priced at $51,968.43.
There have been all kinds of optimistic predictions about the price of BTC these days, and these will definitely continue to pop up in the crypto space.
Bitcoin should shatter $100k
Just the other day, it’s been revealed that hedge funder Anthony Scaramucci said that Bitcoin could surge much higher in the current cycle.
Given the macroeconomic backdrop, he said that BTC could hit $100,000 by February 2022.
“We have 23.6% more dollars in production and in our money supply than we did six months ago. And if you really analyze the $1.9 trillion stimulus, it’s very likely that we’ll get another 17% more dollar production,” he said.
According to the notes coming from the online publication the Daily Hodl, it’s been reported that he said that the ongoing monetary debasement, which is likely to increase the dollar supply by 40% in the coming 12 months, has made Bitcoin an attractive store of value.
Stay tuned for more bullish predictions about the price of BTC.