- Fox Business says trillions of Dollars are coming to Bitcoin.
- Lark Davis says traders can be even more bullish following this statement.
- The price of BTC prepares to hit a new ATH of $125,000.
Reputed Bitcoin investor and crypto community leader, Lark Davis , shares some bullish news today. In detail, Davis shares a post highlighting how Fox Business says trillions of Dollars are coming to Bitcoin as the price of BTC inches towards its next ATH targets. While seasoned analysts debate what ATH target Bitcoin will hit next, others are certain that liquidity will push it to the $125,000 target at least.
Fox Business Says Trillion of Dollars Are Coming to Bitcoin
Lark Davis, a respected face in the crypto community highlights Fox Business and the channel’s latest take on Bitcoin and the crypto market. As we can see from the post above, Davis shares a video in a post where a Fox Business reporter talks about how trillions of dollars are coming to Bitcoin. One response to the post says an unlimited supply of fiat currency could make anything possible.
In detail, the video begins by saying that trillions of dollars in assets under management from registered reps all over the country and financial advisors can now put faith in Bitcoin. The reporter thanks the Trump administration for pushing the price of Bitcoin up, just as many expected to see once Trump won office. Trump’s win led to a crypto-friendly stance, leading to an inevitable move of BTC hitting higher highs.
The reporter concludes with a statement hoping that other government entities will take new crypto-friendly measures which will contribute to pushing the price of BTC to much higher ATH prices. In particular, she highlights how the Bank of America , the biggest bank in America has yet to take a crypto friendly stance, and is likely bound to make it soon, especially with the US Strategic Reserve now in play.
Institutional Validation on a Massive Scale
In response to the large amount of funds trickling into the cryptomarket, one response to the post from Crypto Dispensers says that trillions of dollars do not move aimlessly. In fact, the comment emphasises how this move is clearly a sign of institutional validation on a massive scale. The comment concludes saying that Bitcoin is no longer merely a hedge, rather, it is establishing the foundation of a new financial age.
At the same time, reputed crypto and Bitcoin analysts are sharing their expectations for where the price of Bitcoin (BTC) will go next. Based on the post shared above, this analyst expects the price of BTC to pump towards the $125,000 price target, which he believes is very clearly in sight based on a textbook inverse head and shoulder pattern. But before hitting $125,000, BTC is expected to set a new ATH at $116,000 or $117,000 first.
