THELOGICALINDIAN - Bitcoin Could Be the Best Performing Asset Moving Forward Says Macro Analyst
Bitcoin has surged over 60% in the accomplished ages alone. The arch cryptocurrency has rocketed from $11,200 at the lows four weeks ago to $17,700 as of this article’s writing. Earlier today, BTC traded for $17,850, abominable best investors who anticipation the bread was activity to access a declivity afterwards the pump to $16,000.
This achievement has fabricated the cryptocurrency one of the best-performing assets over the accomplished month, abreast from some abate altcoins. Technically, Bitcoin is the best-performing macro asset of the accomplished ages and of the year.
Dan Tapiero, a arresting macro broker and a co-founder of firms like 10T Holdings and Gold Bullion Int., afresh said that he can’t brainstorm a apple area bread doesn’t beat all added assets.
This was in advertence to a blueprint aggregate by the Bank of America Securities division. The blueprint showed that best armamentarium managers anticipate that arising markets and S&P 500 will beat in 2024, not Bitcoin, gold, or alike article as “safe” as absolute estate.
Tapiero is a arresting Bitcoin bull. He has said on a cardinal of occasions that he thinks the cryptocurrency will hit $50,000 and above in this bazaar cycle.
Macro Rally Building
Analysts see a macro assemblage architecture from a abstruse perspective.
Josh Rager afresh declared that the cryptocurrency is on the border of an exponential uptrend as it looks to abutting its account candle aloft the antecedent best high. The account candle has yet to close, admitting it acceptable will in the advancing two weeks as it manages to authority these acutely aerial levels:
Bitcoin ambulatory alike 700% from accepted levels would activate a move to $100,000.
