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Amber CEO It’s only a matter of time before Bitcoin prices hit
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Date：2024-04-16 18:25:47 Channel：Trade Read：
In the field of digital currency, Bitcoin has always been the focus of much attention. Recently, Bitcoin prices hit all-time highs again, and it seems to be only a matter of time. Amber’s CEO expressed optimism that Bitcoin’s future is bright. Let’s take a closer look at the reasons behind Bitcoin’s price surge and the possible ramifications of this phenomenon.As the leader of the cryptocurrency market, Bitcoin has always attracted much attention. As global financial markets continue to fluctuate, investors are beginning to seek more stable investment options. Bitcoin’s limited supply and decentralized nature make it the first choice among investors. Therefore, it seems inevitable that Bitcoin prices will continue to rise.The four most famous international exchanges:
Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL
Note: The above exchange logo is the official website registration link, and the text is the APP download link.
As the price of Bitcoin continues to rise, more and more people are paying attention to this area. The concept of digital currency has gradually gained popularity and become part of the future financial system. In this digital era, the rise of Bitcoin will undoubtedly change people's understanding of finance and will also push the entire industry forward.The CEO of Amber expressed optimism that Bitcoin prices are hitting all-time highs, and he believes this is just the beginning. As blockchain technology continues to mature and application scenarios continue to expand, Bitcoin, as a leader in digital currencies, is destined to usher in a more brilliant future. He pointed out that the true value of Bitcoin goes far beyond the price itself. It represents a change in values and an innovation in the financial system.The surge in the price of Bitcoin is not only a shock to the digital currency market, but also a revolution in human financial thinking. As Bitcoin gradually matures, it will become an indispensable part of the global financial system, bringing more possibilities to people's investments and lives. In this process, we need to continue to learn and explore to better adapt to the arrival of this digital era.
A crypto CEO believes that Bitcoin’s price will hit an all-time high at some point as an entirely favorable environment for Bitcoin fuels a rally, co-founder of Bitcoin (BTC) investing app Amber Founder and CEO Alex Switzky
Svetski said that Bitcoin prices may reach new all-time highs again.
“It’s just a matter of time, a perfect storm is brewing and pressure will flow everywhere,” Switzky told Cointelegraph in an email on May 21.
“Bitcoin’s supply is fixed, its utility as an inflatable and immovable currency will only increase, and the only thing that can change is the price.
Longer time frames may mean accumulation potential
Nearly halfway through 2020, Bitcoin’s price has been on a roller coaster ride, in part due to the disruption caused by the coronavirus pandemic. The price of Bitcoin continues to hover between $3.800 and $10.300.
What will it take for Bitcoin to reach its all-time high of nearly $20,000? “Time and momentum,” Switzky said, though he wouldn’t mind Bitcoin hanging on for a while longer before reaching new highs.
“I would like Bitcoin to maintain a lower price floor for a longer period of time,” he said, explaining that the added time would give him and others more time to buy more lower-priced Bitcoins currency.
Prices hit all-time highs, followed by FOMO sentiment
What will happen after Bitcoin breaks through its elusive $20,000 ceiling? “First it’s skepticism, then it’s fear of missing out (FOMO),” Swetsky said, noting that the public may exhibit a fear of missing out.
Once Bitcoin breaks through $20,000, Swetsky said he believes Bitcoin will once again gain widespread public attention, with "mainstream economists and traders" warning of a price crash or double-top formation, which sometimes It also indicates an upcoming downward trend.
Swetsky added: “Retail investors will be hesitant initially, but as the price goes up to $25,000, $30,000, $40,000, that skepticism will turn into FOMO sentiment and we will see that it is difficult to Confidence in price increase.”
However, contrary to this, billionaire Chamath Palihapitiya said that if the Bitcoin price does not reach 7 figures, it may fall to $0.
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