Bitcoin remains to be in a fast adoption part, with the height of the present cycle at $200,000, mentioned Greg King, founder and CEO of Osprey Funds.
“I feel we’re in a pure consolidation part. Our view is that Bitcoin is in a bull run. It’s kind of in its fourth of fifth large bull leg of Bitcoin. For those who take a look at it traditionally, because it’s gone by phases of adaptation, it places in an all-time excessive that holds for at the least 200 days, and as soon as that occurs, when that all-time excessive is pierced once more, which we simply had in November at $20,000, on common, the following bull run is a 900% return,” King mentioned.
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