Thread: Money Bitcoin Take?
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Old 05-11-2022, 01:54 AM   #3717
Taco John Taco John is offline
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Quote:
Originally Posted by Imon Yourside View Post
When will Bitcoin spike back up? Any gurus wanna take a stab?
I'll give my perspective.

Yes, but not until it plummets to sub-$6k levels. Institutions haven't bought into BTC yet. My wife's uncle is an investment manager for a large institution. They haven't touched crypto and won't until regulations are in place. Do you think these institutions are going to be buying cryptos at $30k-$60k prices? No way. Regulations are going to be a catalyst that tanks the crypto market and allows these investors in at reasonable prices. Some cryptos will recover. Some will get regulated out of the market. Most will simply die.

Far as I'm concerned, the only crypto worth buying right now is XRP because it's the closest to being regulated. Once its case is settled, all the money that's being sucked out of the market now will flow into it. Just my own personal opinion. Do your own research.
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