Bitcoin's Long-Term Price Prediction Is $586,500, Says Bullish Trader
Portfolio Pulse from Khyathi Dalal
A crypto trader, Doctor Profit, predicts Bitcoin could reach $586,500 by 2028, citing factors like M2 money supply growth and black-market inflows. Despite potential market corrections, the trader sees a long-term upward trend for Bitcoin.
October 01, 2024 | 12:49 pm
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Doctor Profit predicts Bitcoin could reach $586,500 by 2028, driven by factors like M2 money supply growth and black-market inflows. Despite potential 40-50% corrections, the long-term trend is upward.
The prediction of Bitcoin reaching $586,500 by 2028 is based on economic factors like M2 money supply growth and black-market inflows. The trader's analysis suggests a long-term upward trend, which could positively impact Bitcoin's price in the short term as investors react to the bullish outlook.
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