Crypto Market Highlights May 23, 2022 Crypto Market Highlights May 23, 2022
  • News
    • NFT News
    • Metaverse News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • DeFi News
    • Blockchain News
    • Web3 News
    • Press Release
    • Hacks and Scams
    • Sponsored Post
  • Stories
    • Interviews
  • Market Analysis
  • Learn
    • Bitcoin
    • Ethereum
    • Cryptocurrency Exchange
    • NFTs
    • DeFi
    • Web3
    • Metaverse
    • Blockchain
    • Trading
    • Crypto Guide
    • Quizzes
  • Crypto Prices
  • Contact Us
Reading: Bitcoin on track to $100K in spite of developing dangers, says vital financial backer Lyn Alden
Newsletter
Crypto Market Highlights May 23, 2022 Crypto Market Highlights May 23, 2022
[ccpw id="20060"]
Crypto Market Highlights May 23, 2022 Crypto Market Highlights May 23, 2022
  • News
    • NFT News
    • Metaverse News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • DeFi News
    • Blockchain News
    • Web3 News
    • Press Release
    • Hacks and Scams
    • Sponsored Post
  • Stories
    • Interviews
  • Market Analysis
  • Learn
    • Bitcoin
    • Ethereum
    • Cryptocurrency Exchange
    • NFTs
    • DeFi
    • Web3
    • Metaverse
    • Blockchain
    • Trading
    • Crypto Guide
    • Quizzes
  • Crypto Prices
  • Contact Us
Reading: Bitcoin on track to $100K in spite of developing dangers, says vital financial backer Lyn Alden
Newsletter
Crypto Market Highlights May 23, 2022 Crypto Market Highlights May 23, 2022
[ccpw id="20060"]
  • News
  • Stories
  • Market Analysis
  • Learn
  • Crypto Prices
  • Contact Us
Search
  • News
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • CBDC
    • Crypto Exchange News
    • Cryptocurrencies
    • DeFi News
    • Ethereum News
    • Hacks and Scams
    • Litecoin News
    • Metaverse News
    • NFT News
    • Press Release
    • Ripples News
    • Sponsored Post
    • Web3 News
  • Stories
    • Interviews
  • Market Analysis
  • Learn
    • Bitcoin
    • Blockchain
    • Crypto Guide
    • Cryptocurrency Exchange
    • DeFi
    • Ethereum
    • Metaverse
    • NFTs
    • Trading
    • Web3
    • Quizzes
  • Crypto Prices
  • Contact Us

Trending →

Coinbase to Allow USDC Stablecoin as Collateral in Futures Markets

By Rita Umukoro 16 hours ago

XRP ETF: 3 Shocking Risks in Ripple’s 3iQ Launch

By Ezinne Ukaegbu 20 hours ago

FUNToken Crash? 3 Shocking Signs of Breakout Failure

By Ezinne Ukaegbu 1 day ago

Pepe Coin Flashes Bullish Signal: 62% Surge as $74M Flows In

By Ezinne Ukaegbu 1 day ago

Iran’s Crypto Exchange Nobitex Loses $48 Million in Wallet Hack

By Rita Umukoro 1 day ago
Follow US
© Coins Creed. All Rights Reserved.

Home » Bitcoin on track to $100K in spite of developing dangers, says vital financial backer Lyn Alden

Bitcoin News

Bitcoin on track to $100K in spite of developing dangers, says vital financial backer Lyn Alden

Bolaji M
Last updated: May 16, 2021 6:28 am
By Bolaji M
Share
2 Min Read
SHARE
Vital financial backer Lyn Alden’s point of view toward Bitcoin stays bullish in spite of developing dangers.

Key financial backer Lyn Alden is persuaded Bitcoin has still the possibility to arrive at $100K in the current bull cycle — regardless of developing vulnerability and expanding instability.

da60bde6605318e6b7b178b139ac8425 - Coinscreed Latest Bitcoin and Crypto Updates

“We are seeing a lot of froth throughout the industry”, she said, referring to the latest rally in a number of meme coins such as Doge.

“Those are kind of warning signs for the cycle”, she added.

Alden said that with the bull run slowing down and growing risks of a correction, it makes sense for some investors to take some money off the table and put it into some other assets.

“For people who would have trouble with drawdowns or periods of volatility, it can make sense to rebalance”.

Overall, Alden’s position remains bullish given her confidence in the strong fundamentals of the Bitcoin network:

“I have a pretty high conviction on it. And so I’m fine with maintaining a pretty large position.”

Despite a number of altcoins outperforming Bitcoin this year, she doesn’t think Bitcoin is anywhere near losing its leading position in the crypto market . Most altcoins, she pointed out, didn’t manage to sustain the same degree of growth throughout multiple business cycles.

“ I’d be more concerned if I saw protocols that chip into Bitcoin’s market dominance in one cycle and then chip even more into it in the next market cycle”.

TAGGED:bitcoin
Share This Article
Facebook Twitter Copy Link

You Might Also Like ↷

Bitcoin, Ether Price Dip Leads to $1B in Crypto Liquidation

Bitcoin, Ether Price Dip Leads to $1B in Crypto Liquidation

August 18, 2023
CoinCorner sets to launch Bitcoin bolt cards in El Salvador

CoinCorner sets to launch Bitcoin bolt cards in El Salvador

October 12, 2022
Bitdeer Partners with Bhutan’s DHI for $500M Crypto Mining Fund

Bitdeer Partners with Bhutan’s DHI for $500M Crypto Mining Fund

May 3, 2023
Bitcoin Faces Resistance At 200-Week Moving Average

Bitcoin Faces Resistance At 200-Week Moving Average

June 22, 2022
Coinscreed
Stay tuned for a blend of captivating content that not only informs but also inspires you to navigate the ever-evolving landscape of technology, marketing, and market trends!
Coinscreed
FacebookLike
TwitterFollow
InstagramFollow

All Rights Reserved. Coinscreed 2024.

adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist