$50K Bitcoin Soon?
Su Zhu of Three Arrows Capital thinks we could see BTC hit $50K relatively quickly if it holds these current levels
Bitcoin (BTC) Price May Hit $50,000 Relatively Quickly: Three Arrows Capital CEO
“The chief executive of Three Arrows Capital, Su Zhu, believes that Bitcoin has a chance of reaching the $50,000 level ‘relatively quickly’. In a recent tweet, he talks about several emerging markets that are about to face sovereign defaults.
He also reminds the community about the recent $700-bln QE initiative by the US Fed. This has set the US on an inflationary course, he tweets, which will be hard to reverse later on.
Due to the economic situation that is currently forming in the world, Su Zhu tweets, the price of BTC may surge to hit $50,000 if Bitcoin manages to hold its current levels.”