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Seeking Alpha 2021-11-26 16:56:38

Bitcoin: To Rally To $100,000

With governments introducing new Covid restrictions, Bitcoin could benefit from another round of liquidity.Bitcoin has been a better 'inflation hedge' than gold in recent years; rising inflationary pressures could continue to support the cryptocurrency.Network effect keeps growing; more quant and macro hedge funds expected to open cryptocurrency unit in the medium term.It is likely that Bitcoin will rally to $100,000 by the end of Q1 2022 as decelerating growth will imply looser policy and therefore new highs in the crypto market.

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