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I Don't Think Bitcoin Will Hit $100K by Year's End, But I Expect XRP to Rally: David Gokhshtein

Bitcoin

u.today 04 October 2022 12:37, UTC
  
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Founder of Gokhshtein Media, former U.S. politician David Gokhshtein, has taken to Twitter to make another profound statement about crypto. While recently he has been tweeting about Shiba Inu, LUNC and XRP, this time he wrote about the leading cryptocurrency, Bitcoin.

Curiously, Gokhshtein doubts that the $100,000 price mark is likely to be reached this year, but there is also some good news from this crypto enthusiast.

"I don't think Bitcoin will hit $100k by year’s end"

Gokhshtein said he does not believe that Bitcoin can reach $100,000 by the end of 2022; however, he added that he likes "the path it’s taken."

I don’t think $BTC is going to hit 100K by the end of the year, but I like the path it’s taken.

— David Gokhshtein (@davidgokhshtein) October 4, 2022

The flagship cryptocurrency started this year at the $47,000 level; however, after the events of February in Western Europe and further breakout of instability on financial markets, followed by energy prices soaring, BTC failed to hold close to $50,000 and collapsed.

In June, the digital gold went below the $30,000 level. This was preceded by a massive interest rate hike made by the U.S. Federal Reserve at the start of May.

A few more interest rates rises by the Federal Reserve and other banks (such as the ECB) took place later this year. Bitcoin has fallen below $19,000 a few times, but each time, it managed to climb back to $20,000.

On Sept. 5, Gokhshtein tweeted that he wanted Bitcoin to go lower (when it was trading at $19,700) for "selfish reasons," probably because he wanted to buy the dip. Yesterday, he tweeted what may explain his aforementioned BTC tweet: "Bitcoin is like a rocking chair - going back and forth."

"Waiting for XRP to rally"

In an earlier tweet, Gokhshtein said that he was "just waiting here for XRP to rally." Over the past month, the influencer has been bullish on Ripple and XRP, expecting the fintech heavyweight from San Francisco to beat the SEC in the lawsuit that has been going on since December 2020.

Being bullish and defensive of XRP, the influencer recently shared a view that the more that fans of other cryptos become toxic in relation to the Ripple-affiliated coin, the more followers and investors it gets.

Just waiting here for $XRP to rally.

— David Gokhshtein (@davidgokhshtein) October 3, 2022

As for Ripple's potential victory in the case against the U.S. regulator, Gokhshtein thinks that if the blockchain firm does win, this will ensure that not only Ripple and XRP but the whole crypto industry will go through the roof.


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