Two Triggers Could Ingnite New Bitcoin Rally | CryptoGazette
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There are all kinds of optimistic crypto predictions out there despite the massive volatility of the crypto market. The market suffered recent corrections and it seems that now things are getting back on track.
At the moment of writing this article, Bitcoin is trading in the green and the king coin is priced at $40,684.
Two triggers could boost BTC’s price
The pseudonymous Bitcoin (BTC) analyst PlanB says two catalysts could incite the next major waves of BTC rallies.
In a YouTube interview with Blockware Intelligence, PlanB was asked what events or developments could spark the next big adoption wave for Bitcoin.
“If you would have asked that question five years ago, I wouldn’t have thought of everything that has happened since. It’s probably something we don’t know right now that will propel us to the next levels. But if we just extrapolate from what we know, a second or third El Salvador would really change the game.”
He continued and said the following:
“If El Salvador, a small country, would not be alone in Latin America, but if Mexico, Brazil, or Argentina would join them, that would make the case so much stronger and so much more difficult for the IMF [International Monetary Fund] to crush. That’s something I really watch.”
He also made sure to explain the fact that everyday crypto adoption by normal people will produce huge rallies for Bitcoin, especially when paired with institutional adoption.
“And then, just normal demand from normal people that go through the institutions – people putting their pensions in Bitcoin… People buying Bitcoin themselves from an exchange… I see it all around me.”
Despite the massive volatility that we are seeing in the market, Bitcoin is surrounded by optimistic price predictions which continue to flood the crypto space.
Stay tuned for more news.
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