Crypto influencer doubts that Bitcoin is going to reach $100,000 but is waiting for XRP to rally
The founder of Gokhshtein Media, former US politician David Gokhshtein has taken to Twitter to make a more profound statement about crypto. While lately he has been tweeting about the Shiba Inu, LUNC and XRP, this time he has been writing about the leading cryptocurrency, Bitcoin.
Curiously, Gokhshtein doubts that the $100,000 price mark is likely to be reached this year, but there is also some good news from this crypto enthusiast.
“I don’t think bitcoin will reach $100k by the end of the year”
Gokhshtein said he does not believe bitcoin can reach $100,000 by the end of 2022; However, he said he liked “the way it’s taken”.
The flagship cryptocurrency started this year at the $47,000 level; however, after the events of February in Western Europe and further breakout of instability on financial markets, followed by energy prices soaring, BTC failed to hold close to $50,000 and collapsed.
In June, digital gold broke below the $30,000 level. Earlier, interest rates were hiked by the US Federal Reserve in early May.
A few more interest rates rises by the Federal Reserve and other banks (such as the ECB) took place later this year. Bitcoin has fallen below $19,000 a few times, but each time, it managed to climb back to $20,000.
On September 5, Gokhshtein tweeted that he wanted bitcoin to go lower for “selfish reasons” (when it was trading at $19,700), probably because he wanted to buy the dip. Yesterday, he tweeted what might explain his above BTC tweet: “Bitcoin is like a rocking chair – going back and forth,
“Waiting for XRP to rally”
In an earlier tweet, Gokhshtein said that he was “just waiting here for XRP to rally.” Over the past month, the influencer has been bullish on Ripple and XRP, expecting the fintech heavyweight from San Francisco to beat the SEC in the lawsuit that has been going on since December 2020.
Being XRP enthusiasts and defensive, the influencer recently shared a view that the more toxic fans of other cryptos become with regards to the Ripple-affiliated coin, the more followers and investors it acquires.
As for Ripple’s potential victory in the case against the U.S. regulator, Gokhshtein thinks that if the blockchain firm does win, this will ensure that not only Ripple and XRP but the whole crypto industry will go through the roof.
