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Bitcoin (BTC) Price Under $100,000 Is Cheap: Adam Back
In a recent statement, prominent crypto expert and Bitwise co-founder, Adam Back, has expressed his views on the current state of the market. According to him, Bitcoin’s price under $100,000 is considered cheap.
Back’s comment comes at a time when the cryptocurrency market is experiencing significant volatility. The value of most digital assets has plummeted in recent weeks, with Bitcoin falling below $50,000.
Despite this downturn, Back remains optimistic about the potential for Bitcoin to continue its upward trajectory. He believes that the current price is an opportunity for investors to buy in and potentially reap substantial profits in the long run.
This sentiment is echoed by Tom Lee, a prominent stock analyst who has also been vocal about his bullish views on Bitcoin. According to Lee, the recent market correction presents a buying opportunity for investors, as he expects the asset’s value to surge in tandem with gold prices.
Lee highlighted that gold has recently reached new all-time highs, and it is likely that Bitcoin will follow suit in the near future. He emphasized that there is still significant room for Bitcoin to catch up with gold, which could potentially lead to a substantial increase in its value.
These statements from prominent experts serve as a reminder of the importance of diversifying one’s portfolio and not letting fear dictate investment decisions during times of market downturns.
Source: https://u.today/bitcoin-btc-price-under-100000-is-cheap-adam-back
