TechFlow news — Tom Fitzpatrick, Managing Director at Citigroup and former foreign exchange technical analyst, stated in a recently released report that Bitcoin's price volatility resembles that of the gold market in the 1970s, comparing Bitcoin to gold for the 21st century. Currently, the crisis caused by the COVID-19 pandemic and government monetary and fiscal responses are creating a market environment similar to that which propelled gold in the 1970s. Governments have made it clear that they will continue printing more money until GDP and employment recover. Additionally, Tom Fitzpatrick predicts that Bitcoin’s price will surpass $318,000 by December 2021.
Add to Favorites
Share to Social Media
