Bitcoin to Rally in October, Predicts Custodia Bank CEO
Bitcoin has experienced short-term declines due to miner sales and outflows in ETFs, as well as the German government’s actions. However, despite the overall bearish sentiment in the market, there are still bullish predictions for the cryptocurrency.
Speaking on CryptoLawTV, Custodia Bank CEO Caitlin Long made significant statements about Bitcoin. She believes that Wall Street will eventually embrace Bitcoin, which will lead to the largest short squeeze in human history.
Despite recent declines, Long remains optimistic about Bitcoin’s future. She predicts that the cryptocurrency will experience a major bull run before the US presidential elections. Long points to October as the month when Bitcoin’s price will increase significantly.
Long also explains that the recent declines are normal, as miners have sold their holdings to survive. Additionally, she notes that Bitcoin’s price tends to fall after each halving event.
It’s important to note that this article does not provide investment advice. To invest in cryptocurrencies, you can register with Binance exchange with a 20% commission discount.
For exclusive news, analytics, and on-chain data, follow our Telegram and Twitter accounts.