Naeem Aslam Says Bitcoin Could Hit $100,000 In Next Bull Run
Naeem Aslam, ThinkMarkets chief market analyst has predicted that bitcoin (BTC) will climb somewhere between $60,000 and $100,000 during its next bull run.
Aslam had previously predicted on June 17 that BTC would hit $10,000 in “a couple of weeks,” citing institutional involvement as a major driver. Bitcoin reached the five figure mark on June 22nd.
Aslam says the major price points to watch now are $20,000 and $50,000. He argues that by hitting $20,000, discussion will move from conservative estimates exceeding the number one cryptocurrency’s all-time high to forecasts of $50,000; from there, breaking $50,000 will move the price target to $100,000.
Aslam also compared BTC, which is often called digital gold with gold. He remarks that in the last two months, there is a huge spike in price for these two assets, which he attributes to a lack of confidence in the stock market along with the ongoing U.S.–China trade war.
Aslam said BTC now has a reputation as a safe haven for storing wealth, saying there is evidence of investors parking their capital in the leading crypto.