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The chief executive of crypto consulting firm Parallax Digital is predicting the massive expansion of the US dollar supply in the next ten years, which he says will ignite Bitcoin’s meteoric rise to $12.5 million. As for this cycle, Robert Breedlove adds that he expects BTC to surge over 750% before the leading crypto asset tops out.
“I have a model posted. It’s still published on Twitter three years ago that we called the next Bitcoin peak at $244,000. I modified that model after vid’ because I also think that the inflationary pressures on the US dollar are going to become especially pronounced, roughly 18 months after the printing began, which just happens to fall right in line with the next Bitcoin price peak. I think we could break $300,000 in this market cycle… $307,000 to be exact, that’s our current model price.”
In other trending Crypto News today: Top Trader Says Three Altcoins Will Trigger One of the Largest Wealth Creation Cycles in History! A popular pseudonymous trader known in the industry as Flood says these three alts will generate a massive amount of wealth for investors.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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