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“Rocket fuel”: Why this prominent investor is still eyeing a $100,000 Bitcoin price

With global markets crashing and the broader economy on the verge of another great recession, it’s hard to visualize Bitcoin rallying, especially since it collapsed by 50 percent in a single 24-hour period in mid-March.

“Rocket fuel”: Why this prominent investor is still eyeing a $100,000 Bitcoin price

Cover art/illustration via CryptoSlate

With global markets crashing and the broader economy on the verge of another great recession, it’s hard to visualize Bitcoin rallying, especially since it collapsed by 50 percent in a single 24-hour period in mid-March.

But top investors still see upside for the cryptocurrency, with one analyst eyeing a $100,000 Bitcoin price, which is 1,380 percent higher than the current market price of $6,750.

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