Bitcoin’s best days lie ahead as it eyes new highs

Investment adviser Michael Lee, in a comment for FOX Business, described bitcoin as a ‘pioneer’ and said its ‘best days are definitely ahead’.

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He believes digital gold will reach new highs, albeit perhaps not in the near term. As an example, Lee pointed to the asset’s rise from $29,000 to nearly $40,000 in just over a week.

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‘It’s hard to explain some of these moves, but this is a very impulse-driven asset class. Once you get a small impulse to the upside, follow-on trades will come and come. And then — a rise from $29,000 to nearly $40,000 in a little over a week’,” explained the investment adviser.

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Lee does not foresee any restrictive regulatory policy for bitcoin, notably from the U.S. Federal Reserve.

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He also described the rise in the price of the first cryptocurrency above $60,000 in March 2021 as ‘a side effect of endless money printing’.

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Earlier in June, the author of the bestseller ‘Rich Dad Poor Dad’ and entrepreneur Robert Kiyosaki urged people to buy bitcoin ahead of ‘the biggest crash in history’.

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Previously, Celsius Network CEO Alex Mashinsky forecast the price of digital gold to rise to $160,000.

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