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Add as a preferred source on GoogleMacro Analyst Roberto Rios Predicts Bitcoin Will Reach $300,000 This Cycle
He also said the market was pricing in more Federal Reserve money creation and further fiat debasement.
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Macro analyst Roberto Rios predicted Bitcoin (BTC) would reach $300,000 during the current market cycle.
“The fact that we bottomed in June and we’re at $80,000 — this shouldn’t have happened,” Rios said. The remarks did not specify a year for the June low.
Rios said the market was pricing in more Federal Reserve money creation and further fiat debasement. “The market is pricing in more printing from the Federal Reserve,” he said. “It is pricing in more fiat debasement.” He added, “This is massively bullish.”