Bitcoin and Altcoins Approaching Largest Cycle Yet, BTC Heading to $100,000: Crypto Anal…

Crypto analyst Nicholas Merten says Bitcoin and the altcoin markets are just getting started.

On a new episode of Datadash, Merten says he believes Bitcoin will hit $100,000 in its next cycle and will increasingly get exposure in the mainstream as it breaks through its previous all-time high of just over $20,000.

“My idea here is that Bitcoin, as well as other cryptocurrencies, have yet to go through their largest cycle yet. To really take this asset class from a kind of niche community where it is right now into the broad institutional world of retail, in this case retail meaning everyday people. How can we expect that in the next two to three years we’re going to see this happen?

It’s important to understand that there are a lot of misconceptions when it comes to observing Bitcoin. A lot of people look at Bitcoin’s price and they think there’s no way it can go higher than it is now. And that’s a very big misconception because you should never be focused…