Andrew Tate recently shared his perspective on Bitcoin’s future, suggesting that the real BTC bull run hasn’t begun yet. As Bitcoin surged to an all-time high (ATH) of $89,229, driven by strong buying momentum, Tate emphasized that this rally is just the beginning. He argued that Bitcoin’s true value lies in its deflationary nature, which he believes the broader market has yet to fully grasp.
Andrew Tate Says BTC True Value Is Still Untapped, Rally to Infinity?
In a recent post, Andrew Tate expressed that the real BTC bull run will commence when holders view fiat currency as “junk” and see no incentive to sell their holdings. Tate argues that Bitcoin’s deflationary design means that its purchasing power will increase over time as fiat currencies lose value.
More so, the Bitcoin advocate believes this will eventually lead to a “hold forever” mindset among investors, driving Bitcoin price to “infinity.”
Andrew Tate insisted,
“Prices of everything in the world are going DOWN vs BTC. So why not hold? It’s deflationary. You can’t sell BTC for other investments as they ALL underperform vs BTC.”
Tate also noted that as Bitcoin’s value appreciates, the prices of traditional assets such as real estate are decreasing. According to Andrew Tate, when the average holder fully realizes this potential, Bitcoin bull run will accelerate beyond current predictions.
BTC Reaches New ATH as Institutional Interest Grows
Andrew Tate commentary comes as Bitcoin achieved a new ATH of $89,229, experiencing an 11% rise in the last 24 hours. This increase has been attributed to strong buying momentum, reflecting renewed interest from both retail and institutional investors. With its market capitalization nearing $1.77 trillion, the rising demand has enhanced its appeal as a long-term investment.
Following the BTC bull run, Veteran trader Peter Brandt and investment firm Bernstein both project that the crypto price could hit $200,000 amid potential pro-crypto regulatory developments. The optimism around Bitcoin has been boosted by positive policy changes expected under Donald Trump’s presidency,
Similarly, Matt Hougan, Chief Investment Officer at Bitwise, shared his view that Bitcoin could eventually reach $1 million. According to Hougan, Bitcoin’s post-halving supply cuts have created a supply shock, as fewer coins enter circulation. This scarcity effect, combined with increased interest and institutional investors, continues to drive its value upward.
Moreover, MicroStrategy recently acquired an additional 27,200 BTC worth over $2 billion, bringing its total holdings to 279,420 BTC. This purchase has driven an 8% increase in MicroStrategy’s stock value.
However, despite the BTC bull reaching new highs and Andrew Tate positive outlook, economist and critic Peter Schiff expressed concerns over a proposed U.S. Bitcoin reserve. Schiff argues that the proposed efforts by the government will destabilize the dollar. Schiff warns that a Bitcoin reserve could lead to overreliance on BTC, which he deems risky.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Leave a Reply