Su Zhu: Bitcoin can reach $ 50,000 relatively quickly
Analysts predict the Bitcoin exchange rate in the range of $ 4,800 - $ 6,000, but the CEO of Three Arrows Capital Su Zhu allows rapid growth to $ 50,000.
In a message on Twitter, Su Zhu stressed that in the current global economic situation, the influx of money into Bitcoin could increase significantly, which means that the rate of the first cryptocurrency will increase significantly.
"This is in theory the moment Bitcoiners have been waiting for. Several EM mkts are now pricing in significant risk of sovereign defaults. USD itself set on an inflationary course it will be hard to turn back from. If $BTC mkt holds these lvls, 50K relatively quickly is possible,"
said CEO Three Arrows Capital.
However, not all Su Zhu subscribers agree with him, especially considering the first cryptocurrency drop by 50%, which happened the other day:
"To go to 50K someone has to buy at 20 30 40. I'm wondering who would be crazy enough to buy these levels when $BTC has crashed easily by 50% in a day... guess you are over confident on your thesis,"
the user wrote under the pseudonym Comeenw.
After the recent cryptocurrency market crash, well-known analyst Peter Brandt expressed the opinion that the Bitcoin exchange rate could drop to $ 1,000. However, Tone Vays believes that the price of $ 3,700 was the lowest point of decline.
This is in theory the moment Bitcoiners have been waiting for
— Su Zhu (@zhusu) March 18, 2020
Several EM mkts are now pricing in significant risk of sovereign defaults
USD itself set on an inflationary course it will be hard to turn back from
If $BTC mkt holds these lvls, 50K relatively quickly is possible https://t.co/CSSXEuNGyd
