While the leading cryptocurrency Bitcoin is struggling with the declines it experienced after its new ATH in March, investors are impatient for the rise.
While $100.00 first appeared as a critical level for BTC, Ding Chen, CEO of CSOP Asset Management, one of the leading asset management companies, claimed that Bitcoin could reach $100,000 very soon.
Speaking to Bloomberg, Ding Chen stated that the main catalyst of the rise in Bitcoin will be Donald Trump and predicted that Bitcoin will reach $ 100 thousand very soon due to Trump's pro-BTC and crypto stance.
Apart from the Bitcoin price, the famous CEO also talked about the Asia-Pacific region's first inverse Bitcoin ETF. Chen stated that the CSOP Bitcoin Future Daily (-1x) Inverse ETF launched by CSOP will increase interest in the Hong Kong market.
Chen said Hong Kong's first inverse Bitcoin ETF will enable investors to profit from the decline in Bitcoin price.
*This is not investment advice.