Crypto
Strive CEO Predicts Bitcoin Price May Hit $500,000 by 2030
Strive CEO Matt Cole made a bold prediction about Bitcoin's future price, stating that it could reach $500,000 by 2030. Speaking at the Bitcoin Treasuries conference, Cole emphasized his long-term optimism for the cryptocurrency.
Cole believes that investors who don't buy Bitcoin now may miss out on significant profit opportunities in the future. He based this view on the fact that Bitcoin is currently trading at a relatively low valuation compared to its 200-week moving average.
The 200-week moving average is a technical indicator used to assess long-term price trends in the Bitcoin market. According to Cole, the current price of Bitcoin is not significantly above this indicator, suggesting that it's still relatively cheap.