New Bitcoin highs are coming: analyst
Popular cryptocurrency YouTuber CryptosRUs predicted in a recent video that Bitcoin (BTC) is on the verge of another major rally.
In the Oct. 31 video, CryptosRUs pointed to increasing institutional interest and adoption as reasons why Bitcoin may be poised for significant gains. He highlighted the numerous spot Bitcoin ETF filings by major financial firms like BlackRock and Valkyrie as evidence that big investors are preparing to enter the market.
The YouTuber also noted the record amount of money the U.S. Treasury plans to borrow in Q4 2023 — $776 billion. He suggested this excessive money printing could drive further adoption of Bitcoin as an inflation hedge.
In addition, CryptosRUs cited billionaire investor Stan Druckenmiller’s recent comments that Bitcoin could be a good investment for millennials. Druckenmiller said he doesn’t own any crypto currently, but conceded Bitcoin has brand value and he “should probably own some.”
Beyond Bitcoin, the YouTuber noted the major rally in Solana (SOL) over the past month, gaining around 80%. He revealed he personally profited from Solana’s rise through leverage trading, turning $3,000 into $9,000 in one day. However, he cautioned his viewers not to follow his risky trading strategies.
CryptosRUs concluded by telling viewers to “strap on” and “get ready” for Bitcoin’s imminent breakout, predicting new all-time highs are likely in 2024-2025 based on historical 4-year cycles.
