$BTC: Crypto Analyst Says ‘Bitcoin Heads Straight to $30K From Here’
TL;DR Investing in Bitcoin over the last 10 years has been a better bet than most of the popular stocks you hear about. Be smart and diversify, but don’t forget the best performing asset class of this decade. pic.twitter.com/6Uge7Vz3ep — Jason A.
As Bitcoin continues extending the gains it has enjoyed so far in 2023, one popular crypto analyst believes that the Bitcoin price is on its way to the $30,000 level.
On Wednesday (25 January 2023), pseudonymous crypto analyst “KALEO” told his over 559K Twitter followers:
#Bitcoin / $BTC
I once again am here to remind you that Bitcoin heads straight to $30K from here. pic.twitter.com/VnDlbfsoVN — K A L E O (@CryptoKaleo) January 25, 2023
According to data from TradingView, in the year-to-date (YTD) period, the Bitcoin price has gone from $16,615 to $23,008, which is a gain of 38.47% (vs USD).
One crypto analyst who does not seem to be as bullish on Bitcoin in the short term as “KALEO” is Michaël van de Poppe:
#Bitcoin breaks upwards and tests that level at $23.6K, to immediately reject.
Question today will be whether GDP will push price towards new highs again or we'll go sub $22.9K, which means lower prices to come.
Not much interested in longs here. pic.twitter.com/TmBSGKpMSz — Michaël van de Poppe (@CryptoMichNL) January 26, 2023
Yesterday, Dennis Porter, Co-Founder and CEO of bitcoin mining advocacy organization Satoshi Action Fund, tweeted about his presentation — on the benefits of Bitcoin mining — to Capitol Hill staffers at a Senate Finance Committee hearing room.
Shared my presentation on the ‘Benefits of #Bitcoin Mining’ for Hill staffers in the Senate Finance Committee Hearing room. pic.twitter.com/P9EUHYWRfT — Dennis Porter (@Dennis_Porter_) January 25, 2023
And then, less than an hour later, Porter offered this piece of good news:
Great work by @JodySteverson sponsoring this bill. We look forward to working with @PhilipGunnMS to get this on the House floor and @tatereeves signing it into law. — Dennis Porter (@Dennis_Porter_) January 25, 2023
Earlier today, entrepreneur Jason Williams, who is a founding partner of Morgan Creek Digital Assets (the crypto-focused investment arm of Morgan Creek Capital), pointed out how Bitcoin has outperformed other various popular US stocks over the past ten years: