Bitcoin to make new all-time-highs within 24 months: Coinshares CSO
— Alltimehighs, Market, Months, Tech, Bear, Bitcoin, Demirors, Crypto, Alltime, Highs — 1 min read
Bitcoin is currently sitting at $19,401, down 2% in 24 hours and down 72% from its all-time high. Coinshares chief strategy officer Meltem Demirors said Bitcoin has always been a “cyclical asset” with drawdowns from peak to trough at 80 to 90% historically. She said she expects a large number of crypto assets to be wiped out during the bear market, similar to what has been seen in tech stocks. However, she said she did not expect Bitcoin to fall below $14,000 and that she expects the pain would be a distant memory by 2024, saying: “In the next 24 months, we will see new all time highs in Bitcoin’s” Source