Tag
KI YOUNG JU
Bitwise's Chief Investment Officer Matt Hougan has asserted that Bitcoin, the flagship cryptocurrency is set to hit a six-figure price value adding more steam to the Bitcoin Bullish thesis that has been building in the crypto community recently.
The volume of spot trading in bitcoin has grown significantly over the last six months on all exchanges, indicating that there is enough demand to resist the intense selling pressure
Bitcoin prices plunged by more than 15%, approaching the $17,000 level.
Ki Young Ju recently warned on the high influx of Bitcoin holders moving a significant portion of their BTC holdings.
BTCs moving from the investment bucket into the trading bucket could become a crucial source of liquidity.