09.06.202113:17 Forex Analysis & Reviews: Carl Icahn wants to invest a billion in Bitcoin

Many large investors continue to think about new investments in cryptocurrency while bitcoin continues to decline at a slow pace. However, it is only to speculate. The fact is that according to Jurrien Timmer, who is the head of economic research at Fidelity Investments, the fall of bitcoin can end in the range between $ 30,000 and $ 23,000. "For me, the drop from $ 65,000 seems incomplete. The fifth wave is looming up to the$ 30,000 mark or even $ 23,000. We will find out soon, but in any case, I believe that most of the way down is already passed," Timmer said. Earlier, a similar forecast was voiced by the chief strategist of the investment bank JPMorgan Nikolaos Panigirtzoglou. He noted that bitcoin might fall to the level of $ 24,000. Thus, if you believe these forecasts, it may be time to purchase the main cryptocurrency. I want to note right away that we do not think that in a month or two, the "bullish" trend will begin to recover. We believe that bitcoin may generally fall to $ 6-10 thousand per coin in the context of the next couple of years.

However, there is no talk of such a large-scale drop in the near future, so large investors are looking at purchases in the region of $ 23,000 - $ 30,000. For example, the founder of Icahn Enterprises, billionaire Carl Icahn, announced his large-scale plans to invest in "digital gold." Icahn, who has previously criticized bitcoin, now considers it a good means of saving. "I don't currently own cryptocurrencies, and I don't think they are worth buying right now. I am studying how my company can seriously participate in this," said the head of Icahn Enterprises. Icahn also believes that cryptocurrencies are becoming more popular due to the inflation of the US currency. When asked how much his company could invest in bitcoin, the answer was: "A billion dollars, a billion and a half dollars, something like that. I can't say for sure." Thus, it seems that bitcoin still needs to fall in price to count on at least a relatively strong growth. We believe that above the level of $ 43,000, it will now be physically difficult for Bitcoin to leave. However, if we assume that the quotes will fall to the mark of $ 24,000 per coin, it is possible to start a new round of growth with $ 35,000 - $ 43,000. Above, we do not expect bitcoin until at least the end of 2021.