Bitcoin Veteran Warns Crypto Bears: 'You Have No Idea How Crazy This Bull Run Is About To Be'
Portfolio Pulse from Khyathi Dalal
Cryptocurrency analyst Lark Davis predicts a significant Bitcoin bull run, citing the Bitcoin Halving, growing institutional demand through ETFs, and the upcoming launch of spot Bitcoin ETFs in Hong Kong, Japan, Singapore, and South Korea. BTC was trading at $66,082.5, with a weekly gain of 6%, and a surge in large transaction volume. Davis emphasizes the reduced supply, increased institutional and retail demand, and the potential for significant price appreciation.
April 24, 2024 | 3:10 pm
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Lark Davis's bullish outlook on Bitcoin, citing reduced supply, increased institutional demand, and upcoming spot ETFs in Asia, suggests a potential for significant price appreciation.
Davis's analysis points to fundamental market changes such as the Bitcoin Halving reducing supply and increasing demand from institutional investors through ETFs. The anticipation of new spot ETFs in Asia adds to the bullish sentiment, potentially driving up BTC prices in the short term.
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