Zhu: Bitcoin price of $ 50,000 “possible relatively quickly”
Market observers are looking forward to the coming months: Will the Bitcoin market decouple from the classic indices such as Dow Jones, S&P 500 & Co. during the Corona crisis? Crypto investor Dovey Wan is also concerned with this question. The co-founder of the investment company PrimitiveCrypto considers the “ultimate pump” inevitable in the event of decoupling:
“When $ BTC escapes the gravity of the $ SPX. The ultimate pump will come” Wan let her followers know on March 18 – including mandatory moon GIF.
Su Zhu, CEO of Three Arrows Capital, shares Wan’s view. On March 18, Zhu predicted that the Bitcoin price could reach the $ 50,000 mark “relatively quickly” if it kept its level.
Fundstrat hears the toads calling
Unusually cautious tones were heard from the investment consultancy Fundstrat last week. Especially its head of research, Thomas Lee, is rarely at a loss for a bullish Bitcoin price forecast. His Fundstrat colleague, analyst Rob Sluymer, is quoted by the Bloomberg news portal with a skeptical outlook for Bitcoin:
“Last week’s crypto collapse reflected the ‘get me out of everything’ panic that dominated all asset classes, whether defensive (bonds and gold) or not (stocks). The Bitcoin price has reached lower highs and lower lows, so the profile is at risk in the longer term,”