According to the popular analyst and founder of Quantum Economics, Mati Greenspan, Bitcoin’s long-term ascent is just beginning.
We are at the very beginning of the period of massive entry of investors into the crypto sphere. This phase of the industry’s development is qualitatively different from the rise and fall phases of 2017 and 2018.
Greenspan expressed his position in a review prepared for traders. In this report, he pointed to the weekly growth of the cryptocurrency by about 29%. However, this tendency does not mean that the market is “overheated”, and a large-scale collapse awaits us.
The analyst wrote:
“If demand continues to rise from current levels, and supply is constrained, then there is a possibility that we will see growth of 250% or more.”
At the same time, Mati Greenspan excludes a scenario in which BTC will soar to $400,000. The rally will certainly continue, but there is no need to talk about any astronomical figures yet, the analyst concluded.
