Lucas Kiely, chief investment officer at Yield App, expects the Bitcoin price to set a new record this year.
Kiely on Bitcoin price a major decline may occur Unlike analysts who think Bitcoin 50 thousand dollars this month He said he could come out.
Bitcoin price, around the time Matrixport’s report was published the other day down a few thousand dollars. The report states that the SEC will reject applications for a spot Bitcoin ETF, which will reduce the price of Bitcoin. up to 38 thousand dollars It was written that it could drop.
Kiely, Yield App CIO, “Unlike some people’s predictions, I do not expect a major ‘sell the news’ situation. “I think Bitcoin will reach $50,000 at the end of January rather than falling to $32,000.” said.
Analysis by blockchain analysis firm CryptoQuant shows that if spot ETFs are approved and short-term investors take profits, the price will rise. for 32 thousand dollars He warned that it might fall.