Bitcoin experienced declines in the short term due to sales by miners and the German government and outflows in ETFs.
At this point, while BTC is starting to recover after testing below $ 59,000, bullish predictions continue to come despite the general bearish expectation in the market.
Speaking on CryptoLawTV with Lawyer James Murphy and Custodia Appellate Lawyer Michelle Kallen, Custodia Bank CEO Caitlin Long made important statements about Bitcoin.
Stating that Wall Street will eventually financialize Bitcoin, famous CEO Caitlin Long said that after Wall Street adopts Bitcoin, Bitcoin will witness the largest short squeeze in human history.
Continuing its upward trend despite the declines in Bitcoin, Caitlin Long predicted that Bitcoin would experience a major bull run before the US presidential elections.
Stating that although the price has fallen now, BTC fundamentals still look strong, Long said that he predicts that BTC will increase significantly in October, pointing to October for the rise.
Adding that the declines experienced are normal, the famous CEO stated that miners sold after the halving to survive and said that BTC prices always fall after each Bitcoin halving.
*This is not investment advice.