Bitcoin (BTCUSD)

[GOLDBUFFALO]

>>>For all the shutdown, banned and $20K $BTC Opinions<<< - lets listen to someone that actually deals with Bitcoin everyday -

“We’re getting institutional adoption, we’re getting as an inflationary hedge, and regulatory-wise, we’re getting watered down regulation. It’s not going to be banned; we’re talking about bringing it into the fold. Those are all positive things for me.” - BKMC LLC’s CEO Brian Kelly

During last March’s divergence, Bitcoin was trading in the $3,500-price bracket, but after a year, the coin hit its ATH by breaching the $60,000-mark. Drawing parallels to the same, the investment management firm’s exec said,

“We’re looking at the exact same type of situation here… We haven’t seen that type of differential since March of 2020, and generally when Bitcoin gets that mispriced, it’s the sign of that bottoming process.”

Kelly further asserted that the market is currently ‘mispricing’ Bitcoin’s underlying fundamentals. According to the exec, “Bitcoin is very momentum driven. So, now, we need to see some price follow through here and get that momentum going, but to me the story hasn’t changed one bit.”

Kelly further expressed his “pretty high convictions” that Bitcoin wouldn’t fall below the $30,000-mark.