Veteran Bitcoin Investor Predicts Biggest Bull Run To Start Soon: 'Long Choppy Summer, But It's Time To Buckle Up'
Portfolio Pulse from Khyathi Dalal
Veteran Bitcoin investor Lark Davis predicts a significant bull run for Bitcoin and the crypto market in the next 12 months, citing high gold prices and a weakening dollar as bullish indicators. J.P. Morgan forecasts gold prices to rise further, and the U.S. elections could bring a pro-crypto president.
August 27, 2024 | 6:06 pm
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Bitcoin is expected to experience a significant bull run in the next 12 months, driven by high gold prices, a weakening dollar, and potential pro-crypto U.S. election outcomes.
Lark Davis predicts a bull run for Bitcoin, citing high gold prices and a weakening dollar as bullish indicators. The potential for a pro-crypto U.S. president could further enhance Bitcoin's prospects.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Ethereum has recently lost 21.2% of its value, but the broader crypto market's expected bull run could positively impact its price in the coming months.
Despite recent losses, Ethereum could benefit from the anticipated crypto bull run driven by factors like high gold prices and a weakening dollar.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70