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Monday, September 26, 2022

Coinshares CSO Says Bitcoin Will Reach New ATHs Within 24 Months

Demi rose predicts that bitcoin might reach new heights in the next two years. However, she also worries about stock, crypto, and others as we are heading towards a recession.

Bitcoin might be falling now and even further, but Meltem Demiros, the strategy officer of Coinshares, predicts it will reach an all-time high in the upcoming months. In her interview with CNBC’s squawk box on Monday, Demi Rose shared her views on how she thinks the top crypto is and always will be a cyclical asset. However, Demiros fears there is still some downward correction as the currency currently stands at 65% down from the all-time high in November.

Meltem Demiros Has High Hopes For Bitcoin 

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The cryptocurrency, despite its current standings at $19401, being down by a whopping 72% from the all-time highest price of the currency, will hit its peak again by 2024, according to the strategy officer of Coinshares.

The officer admits that the recent liquidations the market has been facing had a huge impact on the market. Therefore, they have warned the investors that they should expect more downfall in tech stocks and crypto values in the market.

She shares in her interview that there are many cryptocurrencies that she thinks might will go to zero, like some tech stocks so far.

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MD of broker comparison site Forex has also shared a similar view. Louis Schoeman, the MD, states that the current crypto downturn might clean up the market. He said that only the strongest currencies would be safe from this market downfall. However, he sounded hopeful while saying this might be the best time for novices to enter the market, as fortune will favour the brave in the current crypto market.  

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