Crypto hedge fund executive, Murad Mahmudov this morning added his voice to the growing song of experts calling for $100k a bitcoin. The CIO of Adaptive Capital weighed in on the technical debate observing that the current choppy price action is most likely just a “steady accumulation” phase.
Earlier this month, Bitcoin evangelist Anthony Pompliano also extolled the flagship cryptocurrency’s values hinting that we could see Bitcoin at $100k in a mere 30 months.
When it comes to trading, humans love round numbers. And in crypto, adding a zero to those numbers carries with it visions of parabolic riches.
Experienced bitcoin traders know all too well that if you take a vacation at the wrong time you might just miss out on 10x returns.
Historically speaking $100, $1,000, and $10,000 were all key levels. It only stands to reason then that the next psychological barrier squares firmly at the $100k mark.