Co-founder of Morgan Creek: We’ll go down, but ATH will be till September
1 min read
Despite the big shock that the cryptocurrency market experienced in March, Bitcoin is doing well. He broke several levels and successfully flew up to 7,300. However, not everyone expects further price growth.
Morgan Creek partner Jason Williams expects a fall before halving. And then? “to the moon.”
The cryptocurrency market is experiencing turbulent times. The announcement of the pandemic drove the cryptocurrency up to $ 7,000. Williams assumes that halving is not a big deal. On the contrary, the price is still to be reduced by thousands of dollars.
Together, supply and demand determine the price. Williams predicts that the crisis can get the price very deep. However, after halving and after the worst coronavirus crisis has overcome, the price will fire to the new heights. It expects new ATHs above $ 20,000 by September.
The world is trading #bitcoin 24 hours a day. 7 days a week.
— JWilliamsFstmed (@JWilliamsFstmed) April 2, 2020
New ATH coming in Sept of this year IMO. pic.twitter.com/X2mygZMVkV
More and more investors are grabbing the idea of trading 24 hours and 7 days a week. Unforeseeable events do not happen only during working hours. And that is a big advantage of BTC.
