"Bitcoin Analyst Predicts 10x Price Post-Halving: What Makes This Time Different?"

1 min read
Source: AMBCrypto News
"Bitcoin Analyst Predicts 10x Price Post-Halving: What Makes This Time Different?"
Photo: AMBCrypto News
TL;DR Summary

Genesis, a struggling crypto-lending company, sold off 36 million shares of GBTC to acquire 32,041 BTC, valued at $2.1 billion, in a bid to address financial challenges and potential bankruptcy. This move was likely prompted by the desire to capitalize on the recent surge in Bitcoin prices and to settle debts with creditors. As Bitcoin's fourth halving approaches, whales are accumulating BTC, hinting at a bullish outlook. Analysts, including Anthony Scaramucci, anticipate a significant upside for Bitcoin post-halving, with a potential surge of six to ten times, although not immediately.

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