Bitcoin Could Surge to $120K on ‘Doomsday Rally,’ Trader Says

Bitcoin Could Surge to $120K on ‘Doomsday Rally,’ Trader Says

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Source: Coindesk.com

Geopolitical events and the search for an investment hedge led some traders to say bitcoin could surge in the coming months, despite a recent 10% weekly drop in its value. The correlation between bitcoin and traditional market assets remains high, but some investors see the cryptocurrency as a viable hedge and investment option, with expectations its price

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The post "Bitcoin Could Surge to $120K on 'Doomsday Rally,' Trader Says" appeared first here Coindesk.com.

Source: Coindesk.com

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