As $BTC Surges Over 10%, Gemini CEO Asks ‘30k Bitcoin by the End of the Weekend?’

On Friday (March 17), the Bitcoin price continued its “bank collapse” rally, surging another 10% to hit $27,800, the highest level since June 2022.

According to data from TradingView, over on the crypto exchange Bitstamp, the Bitcoin price reached $27,800 at 10:45 p.m. UTC, which means that $BTC is up 36.10% in the past 7-day period and 65.68% in the year-to-date period.

Source: TradingView

Binance Co-Founder and CEO “CZ” noted that people criticizing Bitcoin for not being a good store of value seem to have become pretty quiet in the past week:

I didn’t see «… but #bitcoin is not a store of value…» narrative in the past week. ?‍♂️

— CZ ? Binance (@cz_binance) March 17, 2023

Bitcoin’s impressive rally led Gemini Co-Founder and CEO Tyler Winklevoss to ask if we could see the $BTC price get as high as $30K by the end of this weekend:

30k bitcoin by the end of the weekend?

— Tyler Winklevoss (@tyler) March 17, 2023

Messari Co-Founder and CEO Ryan Selkis believes that Bitcoin could reach $100K in the next 12 months:

My rough prediction for the next twelve months:

1. More bank failures in the next couple of weeks.
2. Fed cuts / QE is back!
3. BTC climbs, sustained moderate inflation.
4. «Outside Money» / «Sound Money» -> $100k / BTC.
5. Institutions buy faster than Feds can shut down.

Game.

— Ryan Selkis ? (@twobitidiot) March 17, 2023

And finally, BitMEX C-Founder and former CEO Arthur Hayes says that Bitcoin is going to $1 million:

加油$BTC = 100万美金 pic.twitter.com/6iJeD5QXQC

— Arthur Hayes (@CryptoHayes) March 17, 2023

Image Credit

Featured Image via Pixabay

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