Tuur Demester: “Bitcoin is preparing to exit the accumulation phase”

Since March 13, when Bitcoin was at $3,800, it has risen significantly. Investor Tuur Demester believes Bitcoin is preparing forexit from the accumulation phase and conquering new peaks.

Tuur Demeestr stated that duringthe next parabolic growth of Bitcoin expects the conquest of $ 50,000 or even $ 100,000. In his opinion, the rate is unlikely to return even to $ 6,000, not to mention lower levels. It was March 13 that became the bottom of this cycle.

“12 months ago, bitcoin broke through the accumulation phase up and began the second accumulation phase. The breakthrough of this zone is also likely to be the beginning of a new parabolic growth, ”the investor on Twitter emphasized.

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Demester also noted that institutionalInvestors are increasingly investing in cryptocurrencies, and the largest banks are beginning to serve companies working with digital assets. So, recently financial giant JP Morgan Chase began to provide services to the American exchanges Coinbase and Gemini.

“Now there is a &#171;territory seizure&#187;.Everyone knows that Bitcoin will rise and it is not correlated with traditional assets. Institutions are starting to invest in Bitcoin to look at its future,” writes Tuur Demester.

In his opinion, if cryptocurrencies start massivelyIf you invest in large Wall Street companies, family companies and hedge funds, the bitcoin exchange rate can easily soar above $ 50,000. It is equally important that fiat currencies are subject to inflation, and the total number of bitcoins is limited.

In December last year, Tuur Demeister said that during the current phase of accumulation, bitcoin could drop to $ 5,000. As we can see, it turned out to be right.

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