Matrixport, a crypto investment management company owned by Bitmain co-founder Jihan Wu, published a new report predicting the price at $50,000 in January. The company specifically said it expects an increase that will “surprise investors.”
In fact, this rise appears to have occurred hours before US markets opened. Bitcoin rose to $45,500 today in a bull market that started overnight. US markets open at 17:30 Greenwich Mean Time (GMT). Therefore, with the rise of BTC, we also see a sharp rise in the stock prices of many crypto-focused service companies.
“Bitcoin Price May Surprise Anyone”
The company said that this could increase the supply shock, as Bitcoin mining companies are also waiting for their rewards to halve and are not making any sales.
“Bitcoin mining companies are not making any concessions regarding the reward halving expected in April 2024. They are not willing to sell. This could be another reason for the supply shortage. Even in the raw material market, such situations can occur and cause serious price increases. . Therefore, this year’s BTC price movements may surprise everyone. ”
“50 Thousand Views May Be Seen by the End of This Weekend
In the report, which stated that futures markets could push the BTC price to 50 thousand dollars, an assertive comment was made that this price level could be seen by the end of this week.
