New Bitcoin highs are coming: analyst
Popular cryptocurrency YouTuber CryptosRUs predicted in a recent video that Bitcoin (BTC) is on the verge of another major rally. In the Oct. 31 video, CryptosRUs pointed to increasing institutional interest and adoption as reasons why Bitcoin may be poised for significant gains. He highlighted the numerous spot Bitcoin ETF filings by major financial firms like BlackRock and Valkyrie as evidence that big investors are preparing to enter the market. The YouTuber also noted the record amount of money the U.S. Treasury plans to borrow in Q4 2023 — $776 billion. He suggested this excessive money printing could drive further adoption of Bitcoin as an inflation hedge. You might also like: Bitcoin trading volume reaches maximum in six months In addition, CryptosRUs cited billionaire investor Stan Druckenmiller’s recent comments that Bitcoin could be a good investment for millennials. Druckenmiller said he doesn’t own any crypto currently, but conceded Bitcoin has br...