Former US politician David Gokhshtein is skeptical that Bitcoin price will reach $100,000. But sure that an altcoin will rally…
David Gokhshtein shelves $100,000 Bitcoin targets for this year
The crypto phenomenon known as a politician mentioned a possible Shiba Inu and Ripple rally in his latest tweets. Gokhshtein highlights his confidence in these cryptocurrencies in a new tweet today. While he is skeptical of Bitcoin’s $100,000 price target, he said in another tweet that he is confident XRP will rally. But he also adds that he likes “the path that Bitcoin has taken”:
I don’t think BTC will hit 100,000 by the end of the year, but I like the path it’s taking.
Bitcoin completed its $100,000 price target to $68,789.63 in November last year. However, after starting the new year with $47,000, it has been in a downtrend for a long time. The events in Western Europe in February, followed by the explosion of market instability, and the rise in energy prices, combined with BTC breaking $50,000, saw prices hit their lowest level in years. BTC price dropped below $30,000 in June. Prior to that, the Fed raised interest rates significantly at the beginning of May.
David Gokhshtein wants Bitcoin to drop further
Later in the year, the Fed and other central banks (including the ECB) increased interest rates several more times. As a result, Bitcoin has fallen below $19,000 several times. However, each time it recovered, it reached $20,000 again. While Bitcoin was trading at $19,700 on Sept. 5, Gokhshtein said he wanted to buy more for “selfish reasons”. The crypto phenomenon has clearly implied that he wants to buy at lower levels. Yesterday, he said, “Bitcoin is like a rocking chair – it moves back and forth” to explain this tweet.
Waiting for rally in XRP
Gokhshtein stated in a previous tweet that he expects a rally from XRP. The crypto phenomenon predicts that the lawsuit, which has been going on since December 2020, will be settled in favor of Ripple. cryptocoin.comAs you follow, XRP price has been on the rise last month. Gokhshtein is of the opinion that XRP has recently attracted more investors and followers. He expressed his expectation of a rally on Twitter with a short tweet yesterday.
Gokhshtein expects a massive rally in XRP price if Ripple wins the case. But XRP alone won’t rally. The crypto phenomenon also predicts that the entire cryptocurrency market will rally.
Latest developments from Ripple and SEC lawsuit
In the latest developments from the case, the court judge ordered that former SEC official William Hinman be presented to the court with his 2018 comments. In this way, Ripple gained a significant advantage for a rally of up to 40%. The decision comes after a long legal battle since 2020. Judge Sarah Netburn denied the SEC’s request for Hinman’s comments to be classified. In addition, she decided to submit to the court.
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