The executive says she is 'completely bullish on bitcoin,' expecting the price of $BTC to 'rally up to $100,000.” crypto cryptocurrency
The head of Defiance ETFs says she is “completely bullish on bitcoin.” Noting that it is a “good time” to get into the cryptocurrency, she explained why she believes the price of bitcoin will reach $100K.Sylvia Jablonski, chief executive officer, chief investment officer, and co-founder of Defiance ETFs, explained her bullishness on bitcoin despite recent price declines in an interview with CNBC Thursday.
She noted: “It looks as though, in terms of what we’ve seen for the last six months to a year or so, is that bitcoin is correlated with risk assets and equities specifically.” Regarding bitcoin as an inflation hedge, she admitted that “a couple of years ago, a lot of us thought that bitcoin was going to be this great inflation hedge and it was going to react in a similar way to gold and it was going to be this safe-haven inflation trade, but I think it’s trading more like a Nasdaq 100 stock than it is like an inflation trade.”
“So I think that we definitely have a tradable bottom. I think we are going to have these short-term rallies, but I don’t think that this is it. I think that the market has a little more to weather in terms of range-bound volatility. There’s a psychological aspect to the headwinds as well,” she further shared.
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