Despite claims by some crypto quarters that the current Bitcoin’s bullish cycle is over-extended and the asset’s price could soon drop, reaching $100,000 or $200,000 is very possible according to Greg King.
The Osprey funds CEO, a premier boutique digital asset investment firm that has three active funds so far including the Osprey Bitcoin Trust (OBTC), the Osprey Polkadot Trust, and the Osprey Algor and Trust was convinced that Bitcoin would surge higher to beat this year’s expectations despite this year’s severe corrective move which threw the asset’s price into an almost four-month sprawl.
Speaking on Saturday, the fund boss was convinced that Bitcoin had a confirmed bullish breakout from the $30,000-$40,000 three months range saying that the $40,000 area would likely act as support on the assets price, confirming that his firm was in for the long term and not market prognostication given his confidence in the future of blockchain technology.
