Can Bitcoin still reach $250,000 next year?
"My low-end target for Bitcoin next year is kind of $100,000 to $120,000…My high-end target is upwards of $315,000 and, of course, they're they are really smart people who think it can go higher," he said. "I think the point is at a high level though is that the people who are saying that the cycle is over right that like bitcoin's not going to have a cycle at all like those people are the ones that are most likely to be wrong," he added.
Alfred has predicted that the U.S. Federal Reserve could surge by as many as 50 basis points."They're trying to thread the needle to prevent unemployment from going up without causing inflation to go up. I think they're just going to pump small-cap stocks, biotech, Bitcoin, maybe some crypto," he added.
"The longer this goes on and the more frustrated people get, and the more people capitulate the bigger the up move will eventually be," Alfred added. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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