According to Pentra Capital, the risk appetite is expected to exceed $ 20,000 this year!
Pantera Capital Management, a risk-taking fund focused on digital currencies. In the April newsletter, the agency wrote that the probability of dropping the value of Bitcoin to $ 6,500 would be, but it is likely that this year's cross-price of the digital currency will exceed $ 20,000.
December last year, Dan Morhead, CEO of the company, had predicted a 50 percent drop in price before buying new quotes at New Prices. Given that the bitcoin price dropped by 65% in February to below $ 7,000, we can say that the first part of this forecast is right now.
Dan Morhed - Managing Director of Pentra Capital
Since then, bitcoin prices have risen: for example, on April 12th this Thursday (Thursday of last week), bitcoin prices have risen dramatically by $ 1,000 in 30 minutes. When writing this news, Bitcoin trades at around $ 8,000.
Dan Moorhead is rarely as sure about a prediction as it was mentioned in the April Penterra Capital Newsletter. The prices in the digital currency market will see a bullish trend.
Recently, a number of major Wall Street investors, including the Rockefeller family, entered the digital dividend, with the collaboration (Vonrek) with the team (Kevin Fond) pointing out.
In addition, according to a report by a member of the Goldman Sachs Board, he left the company to work with the Michael Noggreats digital trading bank, as well as reports that the Soros Management Fund has been buying and selling digital currencies will do.
Following on the newsletter, Morad's professional comment, "We are at the beginning of a decades-old business." According to her, recently the bitcoin price has gone down the 200-day moving average in the chart, and this is a "rare buy signal":
The price of a digital currency is already $ 20,000, and now you can buy it for $ 7,000; it's likely that the deal will be fine.
According to Morhed, he has just made four recommendations for digital currencies.
Fundstrat's founder Tom Lee recently described the decline in the digital currency market in the New Year. According to her, the sale of the US tax day (April 17th) brings problems to bitcoin. Probably one of the reasons why Bitcoin prices rise is to lower the amount of digital asset sales ahead of the tax day.
Pentra Capital's CEO agrees with the analysis of falling prices after the New Year. He wrote:
Probably part of the sales pressure on the market, in general, was due to the unintended consequences of the tax program.
The well-known investor, Dauphore's team, predicted that Bitcoin would reach $ 250,000 by 2022 before the start of the week. His previous prediction is right, he predicted in early 2014 that the bitcoin price would pass through $ 10,000 in 2017. At that time, the bitcoin price was about $ 320.