Coinshares chief strategy officer (CSO) Meltem Demirors pointed out that Bitcoin (BTC) is well positioned to bounce back to the top. Underlining the 2-year cycles on Bitcoin, Demirors expects a new record price on the Bitcoin side in the next 24 months.
CoinShares CSO Meltem Demirors, CNBCof Squawk Box In an interview with the company, he stated that the declines in the past months are part of the Bitcoin cycle. However, the CSO sees the bigger picture and is looking to reach Bitcoin’s all-time high price (ATH). has enough potential thinks it is.
Meltem Demirors, CoinShares’ Bitcoin Strong support of $20,000 as long as it holds $14,000 He also stated that they do not have any expectations for it to fall below the threshold. “We can assure crypto users that in the next four years they will forget about the financial losses they have suffered during these days of decline.”
Still, Demirors has concerns about the short-term market. In the interview in question, Bitcoin price a macroeconomic collapse on how to perform in your scenario lack of data He explained that his firm is cautious about investing in more Bitcoin because of this.
Our view at CoinShares has been to stay where we are for a while. We don’t see any upside catalyst in the near term.
The CSO states that it is still reacting to the collapse of several major projects that caused tens of billions of dollars to disappear in the cryptocurrency markets.