Bitcoin is on track to hit $100,000 in six months’ time, said Florian Grummes, managing director of Midas Touch Consulting, who warns that in the short-term, the price could pull back even more.
Speaking to David Lin, anchor for Kitco News, Florian said investors should wait for a pullback to the $34,000 to $38,000 range before another rally resumes.
However, there is one equity sector that could outperform Bitcoin by the end of the year.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Florian Grummes on Twitter: @FlorianGrummes (https://twitter.com/FlorianGrummes)
0:00 – Bitcoin to $100k
3:46 – What drove the recent rally?
5:35 – What happens after $100k?
7:15 – Crypto Winter
10:50 – Crypto hacking
14:23 – Gold
18:00 – What could beat Bitcoin?
#Bitcoin #gold #trading
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