Crypto investor Brian Kelly thinks Bitcoin (BTC) has hit a bullish intersection of rising query and reduced offer.
In a new interview on CNBC’s Quick Money, the founder and CEO of digital asset investment agency BKCM says seeing bigger brokerage companies jumping into Bitcoin will maintain a bigger affect than the present BTC halving.
“So Morgan Stanley, UBS – when they are on-line, and as well they might be able to maintain their customers open to come into Bitcoin, that’s quite loads of pent-up query.”
Kelly says that the no longer too prolonged ago accredited reputation Bitcoin change-traded funds (ETFs) might also drive query within the submit-halving atmosphere.
“Whereas you beget about it, you now maintain an asset with primarily the most query it’s ever going to maintain, precise? You’ve obtained all these other folks appropriate ready to come on, and offer has been lower, cash on exchanges are down, so that you simply’re having a total bunch of pent-up and capability query hitting lower offer – to me, that’s the bullish build of dwelling-up for Bitcoin.”
The crypto investor also predicts that BTC can also within the waste be a safe-haven asset admire gold, though he doesn’t deem that will occur for 10-twenty years.
Bitcoin is trading at $66,474 at time of writing. The tip-ranked crypto asset by market cap is up better than 4% within the past week.
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