Matt Crosby, research director at Look Into Bitcoin, says Bitcoin’s current consolidation is healthy and could be building energy for a significant rally. He argues that ETF flows, macroeconomic data, on-chain supply and demand, and derivatives all point to the market being primed for a strong upward move. The interview also covers long-term holder behavior, comparisons with silver, global M2, mining difficulty, and the network’s security budget. Crosby says that allocating 1% of global capital to Bitcoin could correspond to a price of $275,000, while also discussing seller exhaustion, Iran, and the AI-related trade.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
