{"id":468207,"date":"2021-07-27T23:00:04","date_gmt":"2021-07-27T23:00:04","guid":{"rendered":"https:\/\/ktsl888.com\/?p=468207"},"modified":"2024-06-11T11:15:01","modified_gmt":"2024-06-11T11:15:01","slug":"bitcoin-to-reach-new-all-time-highs","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-to-reach-new-all-time-highs\/","title":{"rendered":"Bitcoin To Reach New All-Time Highs, Market Strategist"},"content":{"rendered":"<p class=\"p1\">Market strategist Michael Lee says that he sees bitcoin reaching new all-time highs. Lee was on Fox Business Monday in an interview to talk about his outlook on bitcoin. Lee is the founder of investment firm Michael Lee Strategy which offers wealth planning and investment management to clients. Michael Lee Strategy offers its services as an investment adviser representative through Compass Financial.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-volume-see-yearly\/\">Bitcoin Volume Continues To See Yearly Lows As Price Struggles To Recover<\/a><\/strong><\/em><\/p>\n<p class=\"p1\">The founder sees a good future ahead for bitcoin which he explains as a momentum asset class. Michael Lee who is an investor himself does not believe bitcoin will be slowing down soon, calling even new all-time highs for the digital asset as more time passes. According to Lee, he believes that the digital asset will definitely bring in as much profit or even more than any of the other digital currencies currently in the market.<\/p>\n<h2 class=\"p1\">The Best Days Are Ahead For Cryptocurrencies<\/h2>\n<p class=\"p1\">Market strategist Lee said in the interview that the best days remain ahead for cryptocurrencies, and in particular, bitcoin. The strategist explained that bitcoin is a first mover in the market. Predicting the asset will do just as well as other digital assets or even better than others.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/c3LGpH0k\/\" alt=\"Bitcoin market cap chart from TradingView.com\" width=\"1348\" height=\"705\"><\/p>\n<pre style=\"text-align: center\">BTC market cap now sits at $718 billion | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/UG2tjOD6\/\" rel=\"nofollow\">Market Cap BTC on TradingView.com<\/a><\/pre>\n<p class=\"p1\">Speaking about fed regulation for bitcoin and cryptocurrencies, Lee said, \u201cI think it\u2019s a long time before we see any sort of taper or any sort of restrictive policy from the Fed.\u201d Lee continued on to say, \u201cit\u2019s not only like that with the Fed. It\u2019s also like that with central banks worldwide.\u201d<\/p>\n<p class=\"p1\">Lee\u2019s resolve in the future of the coin looks unshaken, looking positively ahead for the price performance of the coin going forward.<\/p>\n<h2 class=\"p1\">Bitcoin High Price A Result Of Endless Money Printing<\/h2>\n<p class=\"p1\">Michael Lee also took time in the interview to address the current speculations in the market that connect the recent bitcoin price surge to the rumors of Amazon adding digital currencies on its platform. Talking on this, Lee said that the theory of the price surge being related to the price increase was wrong.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/800-million-bitcoin-shorts-liquidated\/\">Over $800 Million Bitcoin Shorts Liquidated As Price Surges 12% In 24 Hours<\/a><\/strong><\/em><\/p>\n<p class=\"p1\">Lee attributed the growth of the digital asset to $60,000 back in April was due to governments printing money and not limiting the amount of fiat being printed.<\/p>\n<p class=\"p1\">The founder pointed out that it was hard to explain how the price movements work. But related this to trading activities being carried out in the crypto market.<\/p>\n<blockquote>\n<p class=\"p3\"><span class=\"s1\">I think it\u2019s hard to explain some of these moves, but it\u2019s a very much a momentum asset class. So, as soon as you get a little bit of momentum to the upside, the follow on trades just keep coming and coming and coming. And then all of a sudden you go from $29,000 to almost $40,000 in the span of a little over a week.<\/span><\/p>\n<\/blockquote>\n<pre style=\"text-align: center\">Featured image from Forbes, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Market strategist Michael Lee says that he sees bitcoin reaching new all-time highs. Lee was on Fox Business Monday in an interview to talk about his outlook on bitcoin. Lee is the founder of investment firm Michael Lee Strategy which offers wealth planning and investment management to clients. Michael Lee Strategy offers its services as an investment adviser representative through Compass Financial. Related Reading |\u00a0Bitcoin Volume Continues To See Yearly Lows As Price Struggles To Recover The founder sees a good future ahead for bitcoin which he explains as a momentum asset class. Michael Lee who is an investor himself does not believe bitcoin will be slowing down soon, calling even new all-time highs for the digital asset as more time passes. According to Lee, he believes that the digital asset will definitely bring in as much profit or even more than any of the other digital currencies currently in the market. The Best Days Are Ahead For Cryptocurrencies Market strategist Lee said in the interview that the best days remain ahead for cryptocurrencies, and in particular, bitcoin. The strategist explained that bitcoin is a first mover in the market. Predicting the asset will do just as well as other digital assets or even better than others. BTC market cap now sits at $718 billion | Source: Market Cap BTC on TradingView.com Speaking about fed regulation for bitcoin and cryptocurrencies, Lee said, \u201cI think it\u2019s a long time before we see any sort of taper or any sort of restrictive policy from the Fed.\u201d Lee continued on to say, \u201cit\u2019s not only like that with the Fed. It\u2019s also like that with central banks worldwide.\u201d Lee\u2019s resolve in the future of the coin looks unshaken, looking positively ahead for the price performance of the coin going forward. Bitcoin High Price A Result Of Endless Money Printing Michael Lee also took time in the interview to address the current speculations in the market that connect the recent bitcoin price surge to the rumors of Amazon adding digital currencies on its platform. Talking on this, Lee said that the theory of the price surge being related to the price increase was wrong. Related Reading |\u00a0Over $800 Million Bitcoin Shorts Liquidated As Price Surges 12% In 24 Hours Lee attributed the growth of the digital asset to $60,000 back in April was due to governments printing money and not limiting the amount of fiat being printed. The founder pointed out that it was hard to explain how the price movements work. But related this to trading activities being carried out in the crypto market. I think it\u2019s hard to explain some of these moves, but it\u2019s a very much a momentum asset class. So, as soon as you get a little bit of momentum to the upside, the follow on trades just keep coming and coming and coming. And then all of a sudden you go from $29,000 to almost $40,000 in the span of a little over a week. Featured image from Forbes, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":468208,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,78790,83933,83934,79520],"class_list":["post-468207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-market-strategist","tag-michael-lee","tag-xbtcusd"],"acf":[],"yoast_head":"\n<title>Bitcoin To Reach New All-Time Highs, Market Strategist<\/title>\n<meta name=\"description\" content=\"Market strategist Michael Lee says that he sees bitcoin reaching new all-time highs. 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/ktsl888.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin To Reach New All-Time Highs, Market Strategist","url":"http:\/\/ktsl888.com\/news\/bitcoin-to-reach-new-all-time-highs\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-to-reach-new-all-time-highs\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/07\/btc.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/07\/btc.jpg?fit=959%2C639"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","btcusdt","market strategist","michael lee","xbtcusd"],"dateCreated":"2021-07-27T23:00:04Z","datePublished":"2021-07-27T23:00:04Z","dateModified":"2024-06-11T11:15:01Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin To Reach New All-Time Highs, Market Strategist\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-to-reach-new-all-time-highs\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-to-reach-new-all-time-highs\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/btc.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/btc.jpg?fit=959%2C639\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"btcusdt\",\"market strategist\",\"michael lee\",\"xbtcusd\"],\"dateCreated\":\"2021-07-27T23:00:04Z\",\"datePublished\":\"2021-07-27T23:00:04Z\",\"dateModified\":\"2024-06-11T11:15:01Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/07\/btc.jpg?fit=959%2C639","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/468207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=468207"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/468207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/468208"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=468207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=468207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=468207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}