In a recent interview, highly respected equity research analyst and investment strategist Lyn Alden shared her outlook for Bitcoin.
Alden, who provides equity research and investment strategies for clients, made her comments during an interview for the Swan Bitcoin YouTube channel.
According to a report by The Daily Hodl, Alden said:
“I do have some concerns around the second half of the year because once they resolve the debt ceiling, you’re going to see the Treasury almost certainly try to suck back liquidity out of the market to fill back up its Treasury account and if the Fed is still withdrawing liquidity at that time, you can have a rapid decrease in liquidity. So you could get negative retests. You could get consolidations, corrections...
“Professional traders are going to try to get what they can out of it, but I think for the vast majority of people, I would just point to that it’s by most metrics it’s kind of a deep value zone, based on a lot of different metrics. I think it is attractive in a three to five-year perspective. If you monitor the fundamentals of the network, if you think the network’s healthy, if you think all the aspects are still working as intended, if you don’t see that there are any sort of competitors that are anywhere near close to what Bitcoin offers, then I think it is a strong buy.“
Bitcoin educator Dan Held says that Bitcoin DeFi is just getting started:
According to data from TradingView, $BTC is currently (as of 10:15 a.m. UTC on March 1) trading around $23,734, up 1.83% in the past 24-hour period and up 43.13% in the year-to-date period:
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