Top market analyst and founder of Crypto Capital Venture, Dan Gambardello is optimistic about how high the price of Bitcoin (BTC) can go, projecting the coin may surpass $200,0000 in the coming bull run.
Bitcoin (BTC) Price and Macroeconomic Impact
According to Gambardello, Bitcoin’s (BTC) price could reach as high as $204,000, and in turn, trigger a market valuation of up to $4 trillion. Currently, BTC is trading at $34,463.72 after losing 1.21% of its price, forming a visible correction following a weeklong rally.
Though Gambardello is more interested in the impact of Bitcoin’s price surge on altcoins like Cardano (ADA), the macroeconomic events around the premier asset are interesting.
It is worth noting that BTC rose to $35,000 recently and made an attempt to form support at that price level, especially after the recently concluded FOMC meeting. In the said meeting, the Federal Reserve Chair Jerome Powell reiterated the central bank’s plan to reduce inflation. In effect, the
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