Re: David Gokhshtein: Bitcoin Price Will Reach $80K

Quote from: Chato1977 on July 23, 2021, 12:43:48 PM

Quote from: Leviathan.007 on July 14, 2021, 02:00:34 PM

PAC Protocol CEO David Gokhstein shared his views on the latest bitcoin status on Twitter.
In particular, Gokhstein called the current market reversal "super necessary" to keep up the price of the flagship cryptocurrency, Bitcoin. According to him, the next step in the price of bitcoin will probably be $ 80,000.

So we are only 50k more before reaching that goal? wish is will be that easy to achieve but i doubt that at any point 80k will happen this soon.

Bitcoin must break 40k first and stay a while , then climb to 50k then 60k , after that will break the recent ATH of 64k before finally hitting 70,000 Usd value.

I am not going to say it Is going to be easy to hit those numbers but I have to say it is not impossible neither. Remember bitcoin took nearly 12 years to hit 64k, but it also took about 3 months to reach from 30k to 64k as well, so it wasn't really that hard to reach those levels, it is actually quite easy to reach those levels bitcoin is in a bull run.

So, this means that we may not end up hitting 64k again for a year or two if we do not have that kind of bull run, or we could hit that in under 3 months if we have a bull run, the point here is that same numbers and same increase could happen either in 3 years or in 3 months is a big thing about bitcoin and how it is volatile while being stable otherwise, it Is not always volatile, it is only volatile at certain times and it Is probably not volatile at all during other times. I don't know which one we will have now.