The post Bitcoin Just Hit $90K – But Andrew Tate Says The Best Is Yet to Come! appeared first on Coinpedia Fintech News
Bitcoin just surged $90,000 reaching a new all-time high, as investors get excited about a crypto-friendly approach from President-elect Donald Trump. However, Andrew Tate, the former kickboxer and controversial figure, believes this is just the start. Tate says the recent rise is small compared to the huge growth Bitcoin could see in the future. Is a bigger Bitcoin surge on the way?
What Makes Bitcoin So Valuable?
According to Tate, the secret to Bitcoin’s long-term growth is its deflationary nature. Unlike traditional money, which loses value over time due to inflation, Bitcoin has a limited supply. Tate argues that as fiat currencies (like the dollar) continue to lose value, Bitcoin’s price will keep rising.
He believes that when people start seeing regular money as “junk,” they will realize that holding Bitcoin is a much smarter choice.
Tate picturized a future where Bitcoin holders won’t feel the need to sell their coins, as nothing else can outperform Bitcoin. “Prices of everything in the world are going DOWN vs BTC.”.
“So why not hold? It’s deflationary. You can’t sell BTC for other investments because they all underperform vs BTC.”
Bitcoin’s Big Surge: More to Come?
This optimistic outlook comes as Bitcoin continues to surge. In just 24 hours, Bitcoin saw an 11% rise, making its market cap nearly $1.8 trillion. With so much buying interest, Bitcoin is increasingly seen as a solid long-term investment.
Investors are betting big on Bitcoin’s future as Peter Brandt, a veteran trader, and investment firm Bernstein both believe that Bitcoin’s price could soar to $200,000, especially if pro-crypto regulations are introduced. Some even think Bitcoin could eventually reach $1 million.
These bitcoin price predictions are rooted in the asset’s limited supply and growing demand, especially as more institutional investors start to see it as a safe bet compared to traditional currencies.
Big Buying from MicroStrategy
In addition to this bullish outlook, MicroStrategy, the business intelligence firm, recently made a massive purchase of 27,200 BTC worth over $2 billion, bringing its total holdings to nearly 280,000 BTC.
This move has pushed MicroStrategy’s stock value up by 8%, signaling strong institutional faith in Bitcoin’s future.
Also Read : Why is Crypto Going Up Today? ,
Some Warnings Ahead
Not everyone is convinced about Bitcoin’s future, though. Peter Schiff, a well-known economist, has expressed concerns about the idea of a U.S. Bitcoin reserve.
He worries that too much dependence on Bitcoin could destabilize the dollar, which would create serious risks for the economy.
