Bloomberg analyst Mike McGlone believes that Bitcoin and Ethereum have found strong support in the past months and are in a growth phase. The Bitcoin rate, in his opinion, may well reach $ 100,000.

Despite the consolidation of Bitcoin in recent weeks, Celsius CEO Alex Mashinsky is still confident that the price of BTC will reach $ 140,000 or even $ 160,000 by the end of the year. In an interview with Yahoo Finance, Alex Mashinsky stated that the main purpose of Bitcoin is to store wealth. 

Pantera Capital CEO Dan Morehead believes that the launch of the second version of Ethereum will help ETH surpass BTC and become the largest cryptocurrency. 

Man Group hedge fund CEO Luke Ellis likened cryptocurrencies to tulip rush. At the same time, the fund is interested in trading cryptocurrencies due to their high volatility. In his interview, Ellis described cryptocurrencies as speculative trading instruments with a high level of risk. 

Securities and Exchange Commission (SEC) Commissioner Hester Peirce is concerned that the US may lag far behind other jurisdictions in adopting tradable exchange-traded funds (ETFs) for cryptocurrencies. 

Former US Treasury Secretary Stephen Mnuchin has changed his hostility towards Bitcoin to a more loyal one. However, he himself is not going to invest in cryptocurrencies. The administration of former US President Donald Trump was known for its disdain for cryptocurrencies, and Trump called Bitcoin a "scam." 

Bitcoin price has been holding in a narrow corridor between $ 30,000 and $ 35,000 for several weeks. Glassnode analysts have named the factors that can push the Bitcoin rate up. After recent fluctuations in the cryptocurrency market associated with bans by the Chinese authorities on mining and trading cryptocurrencies, the Bitcoin rate has stabilized and is holding in a narrow range. 

Cryptocurrency analyst Willie Wu believes the market has not yet become bearish. The speedy recovery of the Bitcoin rate is hinted at by the data of the indicators of the blockchain operation. During the podcast "What Bitcoin Did," Willy Woo emphasized that he sees no signs of a classic bear market. 

CoinShares Development Director Meltem Demirors described the recent drop in Bitcoin as a normal market correction that weeds out panic-prone traders. After Bitcoin's April high attempting to cross the $ 65,000-mark, novice traders may be worried about the current decline. Demirors is convinced that after 200 days of the rise in the cryptocurrency market, its subsequent fall is quite normal, since the price of any asset cannot constantly go up. 

American entrepreneur Elon Musk said that Tesla will resume accepting payments in Bitcoins after miners switch to using energy from renewable sources.