Digital Currency Fund CIO Alistair Milne: Bitcoin is Ready to Touch $20,000 in Its Next Wave Of Adoption
Ever since Bitcoin broke the $20k barrier early last year, a host of crypto investors and experts have sought to determine whether the alt-asset will once again scale up to its former ATH value in the future. In this regard, the CIO of Digital Currency Fund (DCF) ‘Alistair Milne’ recently took to Twitter to state that as Bitcoin continues on its path to recovery, FOMO surrounding the premier alt-asset
“will become larger than ever”.
More On The Matter
Milne, who has over 60k followers on Twitter, recently took to the social media platform to elucidate on why he is still bullish on Bitcoin. In regards to the matter, he was quoted as saying that BTC is an “asymmetric investment opportunity” and thus it may continue to drop “and/or eventually retest its all-time high… at a minimum.”
Further elaborating on his stance, Milne stated that each wave of adoption that comes henceforth will be at least an “order of magnitude bigger than the last.” Not only that, with the alt-asset market gaining more and more backers with each passing day, Milne believes that price expectations of HODL’ers will continue to push the value of BTC above the $20,000 mark.
Lastly, in a recent interview with a local media outlet, Milne quipped that Chris Burnsike’s comment about BTC not having reached the consciousness of the masses was “quite stupid”. On the matter, he noted that not only has Bitcoin entered mainstream awareness but as and when the asset starts to display signs of upward movement once again, there will be “monumental amounts of FOMO that will once again begin to show its lovely face”.
Even though in the past Milne has been a bit of an alt-coin skeptic, he thoroughly believes that Bitcoin is one of the biggest financial disruptors to have ever entered the economic mainstream. Not only is the currency an excellent Store of Value (SoV) in his opinion but he also believes that in recent months, investors have started to become very aware of the fact that trading BTC is like trading gold but with 100x leverage.
Last but not least, the flagship cryptocurrency’s inflation rate is much lower than that of Gold— thus making the currency a prime candidate for use as a long-term payment tool..
With all that information out there, it now remains to be seen whether or not Milne’s predictions come true and how the future of the asset plays out. However, as things stand, BTC seems primed for big things in the coming few months.