Fund Management CEO Predicts $100k BTC
Su Zhu, the CEO of the fund management firm Three Arrows Capital, has made a prediction that is now going viral.
The CEO said that because Bitcoin held above the $10,000 support, “$100,000 is more likely than $5,000 at this stage.”
“ETH $320 as a bottom made sense and played out; BTC I am actually flabbergasted by the strength shown at $10,000 and probably means $100,000 is more likely than $5,000 at this stage,” Mr. Zhu stated.
If BTC can hold above $10k, then this could be a strong signal that a new bull market is in sight.
reality is that markets frequently retrace one third or more in bull mkts after local euphoria
btc 8.8k and eth 320 are perfectly healthy targets and your trading plan needs to incorporate nonzero probabilities to such levels
— Su Zhu (@zhusu) September 4, 2020