Bitcoin started to push the $65,000 levels again with the rise last night, while investors hope that the consolidation seen since the peak in March will break upwards. Famous analyst Will Clemente tweeted that the biggest crypto money is worth in the long term instead of the short term.
“The era of being able to buy 1 Bitcoin is coming to an end”
In a tweet tonight, Clemente claimed that a period has entered when the working class will no longer be able to buy 1 Bitcoin:
‘We are now coming to the end of the possibility of buying 1 Bitcoin for the working class. Unless you have a very large savings on the sidelines… Bitcoin is now moving from the early period and wealth creation level to the wealth and asset protection stage’
“It can be 1 million dollars in 2030”
Clemente predicted a price of 1 million dollars for the next 5 years and wrote an interesting scenario:
‘The Fed starts monetary expansion when inflation is 2.5 per cent. Bitcoin jumps to 6 digits around the middle or end of 2025. Inflation rises. Fed’s panic interest rate hikes bring sales. With inflation falling relatively, the markets see that the Fed is actually out of control. It is understood that inflation must increase in order to pay the US government debt. Bitcoin will be 1 million dollars in 2030’