Credible Crypto has joined the chorus of voices predicting Bitcoin (BTC) will soon embark on a bull run to $100K+.
In a Twitter post the popular social media trader, investor and entrepreneur Credible Crypto, postulated that the last 896 days were “simply one massive re-accumulation phase before the run to 100k+ bitcoin, and the consolidation structure will soon be broken.”
While BTC didn’t exactly explode after the much anticipated halving, it has now completely erased losses from its March crash, with Credible Crypto noting a cycle of “higher lows” are positioning the market for an uptick.
Though the general consensus among mainstream financial pundits is that Bitcoin has “had its day”, many in the crypto world see the emerging unprecedented global economic crash, triggered by the COVID-19 lockdowns, as the test Bitcoin has been waiting for. As we’ve discussed previously, Bitcoin itself was born in the wake of the 2008 Financial Crisis, and the coming crisis may well be when it truly “comes of age.”
Credible Crypto isn’t alone with its BTC positivity either; just yesterday we reported that, since the halving, Grayscale’s Bitcoin Trust has been buying Bitcoin faster than it can be mined, while last week Robert Kiyosaki, author of New York Times bestseller Rich Dad Poor Dad, advised people to buy Bitcoin to save themselves from a coming economic crash.
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