The chief researcher of Matrixport, an all-in-one platform for bitcoin financial services, Markus Thielen, believes that Bitcoin hitting the $45,000 mark by the end of the year currently appears “quite achievable,” according to Chinese cryptocurrency writer and blogger Colin Wu.
Here’s why Bitcoin may hit $45,000 this year, per Thielen
Markus Thielen claimed in a LinkedIn post that the price of bitcoin is currently “exactly where it should be.” According to the “CPI/FOMC road map” put forward by the corporation at the beginning of February, such assumption was made.
Currently, Thielen believes that “the higher path to $45,000 this year will continue” and asserts that purchasing Bitcoin at its “fair value” of $27,000–$27,500 would be prudent. Since U.S. 10-year notes are now trading below the 3.5% mark, he claimed that inflation will probably have a significant positive impact for risk assets, such as the leading digital currency Bitcoin.
Bitcoin price rebounds above $28,000
Santiment, an on-chain data aggregator, noted on Twitter that despite the recent decline, the proportion of social media conversations mentioning BTC is still significantly higher than the typical level.
The tweet claims that BTC often receives high social media ratings during times of market euphoria or anxiety, which is the situation right now. Santiment continued by saying that the price might quickly rise once more.
Indeed, according to statistics provided by CoinMarketCap, Bitcoin just crossed again over the $28,000 mark, climbing 5.6% over the course of the previous 24 hours to reach the figure of $28,854.
