Advertisement
AD

Main navigation

I Don't Think Bitcoin Will Hit $100K by Year's End, But I Expect XRP to Rally: David Gokhshtein

Advertisement
Tue, 4/10/2022 - 12:14
I Don't Think Bitcoin Will Hit $100K by Year's End, But I Expect XRP to Rally: David Gokhshtein
Cover image via www.youtube.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News
Contents
Advertisement

Founder of Gokhshtein Media, former U.S. politician David Gokhshtein, has taken to Twitter to make another profound statement about crypto. While recently he has been tweeting about Shiba Inu, LUNC and XRP, this time he wrote about the leading cryptocurrency, Bitcoin.

Curiously, Gokhshtein doubts that the $100,000 price mark is likely to be reached this year, but there is also some good news from this crypto enthusiast.

"I don't think Bitcoin will hit $100k by year’s end"

Gokhshtein said he does not believe that Bitcoin can reach $100,000 by the end of 2022; however, he added that he likes "the path it’s taken."

The flagship cryptocurrency started this year at the $47,000 level; however, after the events of February in Western Europe and further breakout of instability on financial markets, followed by energy prices soaring, BTC failed to hold close to $50,000 and collapsed.

In June, the digital gold went below the $30,000 level. This was preceded by a massive interest rate hike made by the U.S. Federal Reserve at the start of May.

A few more interest rates rises by the Federal Reserve and other banks (such as the ECB) took place later this year. Bitcoin has fallen below $19,000 a few times, but each time, it managed to climb back to $20,000.

On Sept. 5, Gokhshtein tweeted that he wanted Bitcoin to go lower (when it was trading at $19,700) for "selfish reasons," probably because he wanted to buy the dip. Yesterday, he tweeted what may explain his aforementioned BTC tweet: "Bitcoin is like a rocking chair - going back and forth."

Related

"Waiting for XRP to rally"

In an earlier tweet, Gokhshtein said that he was "just waiting here for XRP to rally." Over the past month, the influencer has been bullish on Ripple and XRP, expecting the fintech heavyweight from San Francisco to beat the SEC in the lawsuit that has been going on since December 2020.

Being bullish and defensive of XRP, the influencer recently shared a view that the more that fans of other cryptos become toxic in relation to the Ripple-affiliated coin, the more followers and investors it gets.

As for Ripple's potential victory in the case against the U.S. regulator, Gokhshtein thinks that if the blockchain firm does win, this will ensure that not only Ripple and XRP but the whole crypto industry will go through the roof.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD