Billionaires Are Buying This Cryptocurrency That Could Soar 116% by Year's End, According to This Analyst
Bitcoin (CRYPTO: BTC) can be a volatile asset. But that hasn't stopped some analysts, experts, and billionaires from turning extremely bullish on the world's largest cryptocurrency and buying huge amounts of it. After recent purchases the other day, billionaire Michael Saylor's company MicroStrategy Incorporated owned 1.17% of all Bitcoin outstanding. Other billionaires, including Elon Musk and the Winklevoss twins, have also purchased huge amounts of Bitcoin.
These billionaires seem to be in line with one Wall Street analyst who recently issued a research note suggesting the price of Bitcoin could jump 116% from current levels and hit $125,000 by year's end. Let's take a look.
In a recent report by the investment bank Standard Chartered, a team of analysts said that Bitcoin is poised to hit a new high by the end of the year, which is only a few months away. The bank considered several economic and political factors in reaching this conclusion.
Source Fool.com
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