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TechFlow news, Andrew Kang, co-founder of Mechanism Capital, stated that he expects Bitcoin to reach $80,000 in May. Between $80,000 and $100,000, there will be a significant supply overhang to absorb.
However, asset and wealth management sales teams will soon be allowed to heavily promote ETFs, so clearing this supply may take only one month, or at most three months.
Once the $100,000 threshold is breached, BTC will see another massive upward surge.
Mechanism Capital co-founder Andrew Kang stated that he expects Bitcoin to reach $80,000 in May. Between $80,000 and $100,000, there will be a significant supply overhang to absorb. However, asset/wealth management sales teams will soon be allowed to heavily promote ETFs, so clearing this supply may take only one month, or up to three months at most. Once the $100,000 threshold is breached, BTC will see another massive upward surge.
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