Messari founder and CEO Ryan Selkis says Bitcoin (BTC) is poised to go on a massive rally as US banks fall like dominoes.
The head of the crypto intelligence firm tells his 307,400 Twitter followers that Bitcoin is likely to hit six figures within the next 12 months.
He names five main reasons for his forecasted price of Bitcoin at $100,000, a more than 270% increase from its current value of $26,606.
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Selkis predicts there will be additional bank failures and the Federal Reserve will not only stop raising interest rates to reduce inflation but start cutting them.
He also says more investors will find Bitcoin an attractive “outside money” asset and that institutions will adopt the king crypto quicker than any potential move by
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