Bitcoin To Reach New All-Time Highs, Market Strategist

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,250,797,170,294	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,250,797,170,294

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-176.46	-0.28%	63,716.06	63,708.48	63,712.80

Price Change

Price Change %

Current Price

Bid Price

Offer

-176.46

-0.28%

63,716.06

63,708.48

63,712.80

High Price	Low Price	Open Price	Prev. Close	52 Week Range
64,193.57	62,908.34	64,008.79	63,892.52	24,750.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

64,193.57

62,908.34

64,008.79

63,892.52

24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	12:01:16	0.001570	63,716.06	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

12:01:16

0.001570

63,716.06

USD

Price x Volume	Volume	Base Symbol	Related Pairs
158,049,169.27	2,488.42	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

158,049,169.27

2,488.42

Bitcoin To Reach New All-Time Highs, Market Strategist

28/07/2021 12:00am

NEWSBTC

Market strategist Michael Lee says that he sees bitcoin reaching new all-time highs. Lee was on Fox Business Monday in an interview to talk about his outlook on bitcoin. Lee is the founder of investment firm Michael Lee Strategy which offers wealth planning and investment management to clients. Michael Lee Strategy offers its services as an investment adviser representative through Compass Financial. Related Reading | Bitcoin Volume Continues To See Yearly Lows As Price Struggles To Recover The founder sees a good future ahead for bitcoin which he explains as a momentum asset class. Michael Lee who is an investor himself does not believe bitcoin will be slowing down soon, calling even new all-time highs for the digital asset as more time passes. According to Lee, he believes that the digital asset will definitely bring in as much profit or even more than any of the other digital currencies currently in the market. The Best Days Are Ahead For Cryptocurrencies Market strategist Lee said in the interview that the best days remain ahead for cryptocurrencies, and in particular, bitcoin. The strategist explained that bitcoin is a first mover in the market. Predicting the asset will do just as well as other digital assets or even better than others. BTC market cap now sits at $718 billion | Source: Market Cap BTC on TradingView.com Speaking about fed regulation for bitcoin and cryptocurrencies, Lee said, “I think it’s a long time before we see any sort of taper or any sort of restrictive policy from the Fed.” Lee continued on to say, “it’s not only like that with the Fed. It’s also like that with central banks worldwide.” Lee’s resolve in the future of the coin looks unshaken, looking positively ahead for the price performance of the coin going forward. Bitcoin High Price A Result Of Endless Money Printing Michael Lee also took time in the interview to address the current speculations in the market that connect the recent bitcoin price surge to the rumors of Amazon adding digital currencies on its platform. Talking on this, Lee said that the theory of the price surge being related to the price increase was wrong. Related Reading | Over $800 Million Bitcoin Shorts Liquidated As Price Surges 12% In 24 Hours Lee attributed the growth of the digital asset to $60,000 back in April was due to governments printing money and not limiting the amount of fiat being printed. The founder pointed out that it was hard to explain how the price movements work. But related this to trading activities being carried out in the crypto market. I think it’s hard to explain some of these moves, but it’s a very much a momentum asset class. So, as soon as you get a little bit of momentum to the upside, the follow on trades just keep coming and coming and coming. And then all of a sudden you go from $29,000 to almost $40,000 in the span of a little over a week. Featured image from Forbes, chart from TradingView.com

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