Su Zhu, co-founder and CEO of the crypto mutual fund Three Arrows Capital, has show His Bitcoin price goal is $ 88,888 and might be achievable in less than two months.
Su Zhu – CEO of Three Arrows Capital
Su Zhu’s assertion comes after Kyle Davies, co-founder and president of Three Arrows Capital, tweets Bitcoin seems to be in a brilliant cycle with a brand new all-time excessive (ATH).
Bitcoin hit a three-month excessive of $ 49,830 yesterday (Aug 21) with the bulls seemingly again and in management of the market.
Alternative.me’s “Crypto Fear and Greed Index” is now 78 after coming into the territory of “extreme greed”. However, it’s nonetheless a good distance from the excessive of 95 reached in February.
Bitcoin Fear and Greed Index is 78 – Extreme Greed pic.twitter.com/RTjD5Lc5iy
– Bitcoin Fear and Greed Index (@BitcoinFear) August 22, 2021
“Bitcoin’s Fear and Greed Index is 78 – Extreme Greed.”
When asked about long-term goals, Zhu is confident to say Bitcoin might hit $ 2.5 million in the longer term if it captures gold because the main retailer of worth.
“So then Bitcoin might be midway to the $ 100 trillion mark and the price per BTC will hit $ 2.5 million. I feel that’s undoubtedly doable. “
Zhu based Three Arrows Capital in their residence with highschool buddy Davies in 2012.
Three Arrows Capital has labored in Bitcoin, Ethereum, Dogecoin, Avalanche in addition to a wide range of DeFi protocols equivalent to Aave, Balancer, SushiSwap and a number of other crypto corporations equivalent to BlockFi, Deribit …
In May, Davies instructed Bloomberg that Ethereum was essentially the most generally held cryptocurrency at Three Arrows Capital.
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