Andrew Tate recently argued that the real Bitcoin (BTC) bull run hasn’t yet started, despite BTC reaching an all-time high (ATH) of $89,229.
According to Tate, the genuine rally will begin only when holders start to see fiat currency as "junk" and have no reason to sell. He believes that Bitcoin’s deflationary structure will enhance its purchasing power over time, as other assets devalue, and ultimately lead to a “hold forever” mentality. This shift, he claims, could drive BTC’s price to "infinity."
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Bitcoin’s recent ATH has been driven by strong buying interest from both retail and institutional investors, with its market cap nearing $1.77 trillion. Tate emphasized that the broader market is still discovering Bitcoin's true value, suggesting this surge marks the beginning of a larger upward trend. His perspective aligns with other market forecasts, including those of veteran trader Peter Brandt and investment firm Bernstein, who predict that BTC could reach $200,000 amid potential pro-crypto regulatory changes under Donald Trump’s possible presidency.
Further supporting this outlook, Matt Hougan, Chief Investment Officer at Bitwise, has stated that Bitcoin could eventually hit $1 million due to post-halving supply constraints and heightened demand. In a show of confidence, MicroStrategy recently acquired an additional 27,200 BTC valued at over $2 billion, pushing its total holdings to 279,420 BTC and causing an 8% increase in its stock.
However, not all views are optimistic. Economist and critic Peter Schiff cautioned against the proposed U.S. Bitcoin reserve, arguing that such a move could destabilize the dollar and create risky overreliance on BTC. Schiff warns that this policy direction could present economic challenges despite the positive sentiment surrounding Bitcoin's growth trajectory.
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