Although Bitcoin has experienced sharp declines recently, investors' BTC upward expectations continue. At this point, the first target for BTC was 100 thousand dollars, while Mark Moss, co-founder of Bitcoin Opportunity Fund, pointed out the end of the year for 100 thousand dollars.
Speaking to Michelle Makori of Kitco News, Mark Moss predicted a significant increase in Bitcoin price due to large-scale liquidity injections by the US government to prevent an economic recession.
Moss stated that if the USA adopts BTC as a strategic asset, other countries will follow the USA and the BTC price may increase further.
Moss also predicted that BTC could reach between $100,000 and $400,000 by the end of 2024, depending on the outcome of the US presidential election.
Moss thinks that BTC will reach $1 million by 2030 and $13 million by 2045, due to the influence of global liquidity and economic factors.
The Biggest Bubble is the US Dollar!
Moss believes the biggest asset bubble is in the US dollar itself. According to Moss, as the Dollar continues to lose value with inflation and government monetary policies, it creates a bubble effect in stocks and real estate prices.
*This is not investment advice.