- Clem Chambers started explaining that the “macroeconomic trend”, could lean in favour of the cryptocurrency over the next few months and perhaps years.
- He expects for the leading cryptocurrency to make a significant rally to $20k
The market’s rally might not be done yet, despite the naysayers saying the bears are coming out of hibernation…
According to a popular analyst of the Bitcoin market, the leading cryptocurrency could skyrocket by another 500 percent and that it ain’t all that far off.
Before we go any further, it’s worth saying that we aren’t financial investors and this isn’t financial advice. Please do your own research before putting your money in a cryptocurrency and always remember to trade safe!
CEO of ADVFN, Clem Chambers, recently sat down with Kitco to talk about everything Bitcoin. Chambers started explaining that the “macroeconomic trend”, could lean in favour of the cryptocurrency over the next few months and perhaps years:
“If you’ve got to move fast, uncertainty means Bitcoin. I mean, gold, you can’t really carry much of it, it’s hard to store, it’s quite difficult to buy. You can’t just go, I’ll have some of that gold. It’s much easier to buy Bitcoin, and move Bitcoin, and protect Bitcoin than gold. So gold is at a bit of a disadvantage. And it’s old usage as the flight capital of choice is being eroded.”
He expects for the leading cryptocurrency to make a significant rally to $20k and potentially see even more gains with time.
“I think Bitcoin could easily go to twenty thousand. I’m expecting it to go to fifty, I’ll be very happy if it were to go to one hundred thousand.”
It will be interesting to see how this situation plays out with Bitcoin. For more news on this and other crypto updates, keep it with CryptoDaily!