April 25, 2024

Weiss Ratings Analysts Predict BTC Rise To $ 180,000

Weiss Ratings Analysts Predict BTC Rise To $ 180,000

Specialists of the analytical American company Weiss Ratings analyzed Bitcoin (BTC) and came to the conclusion thatThe main cryptocurrency will rise in price to $ 180,000.

The review says the financial world is startingrecognize the true potential of BTC as a safe haven asset, as evidenced by the growing demand for institutional products for Grayscale Bitcoin Trust products.

"Between the third quarter of 2019 and the first quarter of 2020, investment in the Grayscale Bitcoin Trust more than doubled, from $388.9 million to $818.5 million."

Weiss Ratings believes the manager’s exitbillionaire Paul Tudor Jones' hedge fund hedge on the Bitcoin futures market shows that institutional people are paying more and more attention to cryptocurrency markets. This is due to the fact that BTC is “one of the safe havens with the highest profit potential,” especially since central banks are constantly printing fiat money.

One way or another, the entry into the crypto space of players with big money is just the tip of the iceberg.

The company proves that bitcoin is much bettergold in terms of safety, mobility and utility. Mass demand will begin when investors realize that Bitcoin will surpass gold as a safe asset.

"If bitcoin takes even a third of the share of gold, it willtrade around $180,000, about 20 times current levels."

Weiss Ratings has been conducting research and analysis of the financial market for consumers and enterprises for more than three decades, the first crypto rating was compiled in January 2018.