Institutional adoption, US government overspending and future economic stimulus packages are just a few reasons why analysts believe Bitcoin price is on the path to $100,000.
Inflation news
The hedge fund veteran also suggests holding gold, commodities, and technology stocks.
The fund touts leveraged exposure to Bitcoin and gold as investors brace for inflation and geopolitical strife.
The crypto market is up today, following a bullish performance from US equities markets and increasing traders’ demand for crypto investment products.
Bitcoin appears to take a hot PPI print in its stride after a 4% BTC price recovery.
Consumer prices in the US rose by 2.4% in September, above market expectations but still in a negative trend compared to the past few years.
The crypto market is down today as a disappointing US CPI print and decline in trading volumes fuel the crypto market’s sell-off.
Bitcoin derivatives metrics shifted as BTC price fell under $59,000. Are lower prices incoming?