Florian Grummes Archives - Times Tabloid https://timestabloid.com/tag/florian-grummes/ Cryptocurrency and Blockchain Tabs Fri, 11 Feb 2022 04:56:39 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://timestabloid.com/wp-content/uploads/2021/08/cropped-Times-Tabloid-Favicon-32x32.png Florian Grummes Archives - Times Tabloid https://timestabloid.com/tag/florian-grummes/ 32 32 Advisory Firm Managing Director: Bitcoin (BTC) Will Hit $100,000 in Six Months, $1 Million in A Few Years https://timestabloid.com/advisory-firm-managing-director-bitcoin-btc-will-hit-100000-in-six-months-1-million-in-a-few-years/ Sun, 29 Aug 2021 08:36:54 +0000 https://timestabloid.com/?p=765 Florian Grummes, the managing director of an investment advisory firm, Midas Touch Consulting, has predicted that the price of the flagship cryptocurrency, Bitcoin (BTC), has the potential to hit $100,000 within the next six months. He, however, stated that the top cryptocurrency could drop to $25,000 level before printing the magnificent uptrend to $100,000 level. […]

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]]> Florian Grummes, the managing director of an investment advisory firm, Midas Touch Consulting, has predicted that the price of the flagship cryptocurrency, Bitcoin (BTC), has the potential to hit $100,000 within the next six months.

He, however, stated that the top cryptocurrency could drop to $25,000 level before printing the magnificent uptrend to $100,000 level.

Read Also: deVere Group CEO: Ethereum (ETH) Value Will Overtake That Of Bitcoin (BTC) Within Five Years

In a recent interview with Kitco News, Grummes advised investors to carefully watch Bitcoin (BTC) rather than being hasty to put their hard-earned money as he expects the price to nosedive once again, but in the short-term.

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According to the Midas Touch Consulting managing director, the bounce that recently played out is typical in cryptocurrency after a first sell-off. He pointed out that he expects a new sell-off that could bring Bitcoin (BTC) down to the $25,000 level. Howbeit, he stated that at any time after the drop, Bitcoin could make a magnificent uptrend to $100,000, which could play out within the next six months.

Grummes further stated that if Bitcoin (BTC) surges to hit $100,000, it’s expected to enter a historical trend to higher highs. At the same time, the analyst pointed out that it could also experience sell-offs of up to 70%.

After the trend, Grummes believes that the volatility of Bitcoin (BTC) will experience a notable reduction compared to what we are seeing now. He also believes that Bitcoin has the potential to hit $1 million and more in a few years.

Read Also: PayPal Extends Bitcoin, Ethereum, Bitcoin Cash, and Litecoin Payment Services to United Kingdom (UK)

His prediction comes at a time when Bitcoin (BTC) is struggling to surge beyond the $50,000 mark once again. At the time of press, BTC is trading at $48,636, with a relatively 1% price downtrend in the last 24 hours, according to CoinMarketCap.

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The post Advisory Firm Managing Director: Bitcoin (BTC) Will Hit $100,000 in Six Months, $1 Million in A Few Years appeared first on Times Tabloid.

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