The co-founder of cryptocurrency analysis company Blockfyre believes that there will be another bull run that will push Bitcoin (BTC) to $ 150,000.In a tweet on June 4, Simon Dedic suggested that this growth would not apply to the entire cryptocurrency market, although the more solid altcoins should also see impressive price movements.
No more crypto mania like 2017
Bitcoin’s rapid surge to its current all-time high of nearly $ 20,000 in December 2017 was accompanied by media hype around the crypto space.There was also a boom in initial coin offerings and with the fear of investors missing out on something, literally every project was thrown at money. The hope was always that they would grow just like Bitcoin.This became a self-fulfilling prophecy, and pretty much every altcoin saw a significant price increase in 2017.
Rise slower this time
Dedic believes that this will not happen again, but he can imagine that a Bitcoin bull run will take place again and “will raise the few solid altcoins”.He even made price predictions, such as that Bitcoin would rise over 1,400 percent from its current rate to $ 150,000.According to Dedic, ether (ETH) is expected to develop even better and will increase by 3,570 percent from around 245 US dollars to 9,000 US dollars. And Binance Coin (BNB) is expected to rise 2,750 percent to $ 500.Chainlink (LINK) and Tezos (XTZ) are also expected to experience major growth. Both are expected to rise to $ 200, an increase of 4,450 percent and 6,800 percent, respectively.