A crypto analyst is predicting an incredibly massive bitcoin rally this year. here’s why. – Coinbase Glob (NASDAQ: COIN)

Former CTO of Coinbase coin Balaji Srinivasan recently predicted Bitcoin BTC/USD will explode more than 3,300% in less than 90 days.

in one Interview Speaking with ARK Invest last Thursday, Srinivasan said that given the current US banking crisis, people will migrate to bitcoin.

“I think we will see an exit towards bitcoin from the US banking system in the next weeks and months and maybe years to come,” he said.

“The time frame for that would be 90 days, and given how fast digital banks move, I don’t think it’s impossible. So, [the] Times are tough – preparing is easy,” he said.

Srinivasan said that the Federal Reserve has created volatility in the market and this could lead many people to move towards bitcoin.

“We are now in the right choice between the USD and BTC, where again people are voting against a very different kind of central planning. And this is the macro frame that I have. The level of volatility at the Fed has been The reason is, they are now in the same position as an aircraft experiencing turbulence,” he explained.

Read also: bitcoin, Ethereum, Dogecoin Rise Amid CFTC Binance Lawsuit: Analyst Says Apex Crypto Is A Gift Under $30K

Last week, Srinivasan made a bold prediction, claiming that The price of bitcoin can reach 1 million dollars By June 17 due to the rapid devaluation of the US dollar in the coming months.

Another crypto analyst who goes credibull crypto on Twitter, Tweeted On Saturday, he said he believes bitcoin is in the early stages of a big bull run after a long bottom out period last year.

At the time of writing, bitcoin was trading at $27,965, down two percent over the past seven days.

Read further: Bitcoin White Paper Hidden in Apple’s MacOS: A Tribute to Satoshi Nakamoto?

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