Opinion: Bitcoin’s best days are ahead, the asset will hit new highs

July 28, 2021

Bitcoin's best days are ahead, the asset will hit new highs

Investment adviser Michael Lee, in a commentary on FOX Business, called bitcoin a "trailblazer" and said its "best days are definitely ahead".

He believes digital gold will reach new highs, but "probably not in the coming months". As an example, Lee cited the asset's rise from $29,000 to almost $40,000 in just over a week.

   "It's hard to explain some of these moves, but this is a very momentum asset class. Once you get a little momentum going up, subsequent trades will come and go. And then a rise from $29,000 to almost $40,000 in just over a week," explained the investment adviser.

Lee does not foresee any restrictive regulatory policies for bitcoin, particularly from the US Federal Reserve.

He also called the first cryptocurrency's rise above $60,000 in March 2021 "a side effect of endless money printing".

Recall that in June, Robert Kiyosaki, author of the bestseller "Rich Dad, Poor Dad" and entrepreneur, called for buying bitcoin before "the biggest crash in history".

Earlier, Alex Mashinsky, head of cryptocurrency lending service Celsius Network, predicted the price of digital gold would rise to $160,000.

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About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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