Crypto Price Prediction:

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The Bitcoin and cryptocurrency market has seen a recovery in the last weeks. They have risen from their February lows , even though the crash triggers a serious Coinbase warning.

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As traders cheer the Federal Reserve’s steady approach of raising rates, and despite increasing regulation, the bitcoin price has fallen to $40,000 per bitcoin. BNB, XRP and Cardano also rose, with Terra’s Luna, avalanche, and other challengers making large gains.

One bitcoin bull turned veteran commodities investor has now predicted that bitcoin could rise to $200,000 within five years, pointing to a “compounding” effect that could fuel momentum.

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It’s difficult to predict where bitcoin’s prices will be by the end of the year, for example,” Greg Beard, a star energy investor who built a reputation buying and selling oil companies at Apollo Global Management told Fortune. He said that if you believe in bitcoin as a store-of-value, then it should be worth at least five times today’s price.

 

Beard predicts that bitcoin will reach $200,000 in the spring 2027. He also expects that interest in crypto will skyrocket as inflation continues to devalue the U.S. Dollar and other traditional currencies. Beard , who runs Pennsylvania’s Stronghold Digital Mining with Bill Spence, said that bitcoin will continue to generate more interest. We’ll see a compounding impact.

As investors fear inflation, bitcoin and other cryptocurrency like ethereum and BNB, XRP and solana have seen a surge in interest over the past few months. Prices in the United States have increased 7.9% from February to February, the highest inflation rate in 40 years.

Beard’s prediction of bitcoin’s price requires that bitcoin break out from its current niche.

Beard stated that “bitcoin’s price must rise from its strong correlation with the Cathie Wood crowd, and high-priced high-tech equities.” Over the past two years, Bitcoin’s price has risen in tandem with tech stocks as lockdowns or Covid stimulus measures have pushed prices up.

 

Ark Invest analyst YassineElmandjra stated that bitcoin was the most fundamental application of public blockchains and the foundation for’self-sovereign digital money.” He also argued that technological advances such as the Taproot upgrade and second-layer Lightning Network could aid bitcoin scaling.

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