Gary Vaynerchuk, known as Gary Vee, is actively purchasing Bitcoin as its price dips below $70,000, describing it as an unexpected opportunity amid the market pullback. Speaking at a FOX Sports event, the VaynerMedia CEO highlighted the current price of $66,755, which is down 47% from its all-time high of $126,080, as a chance for accumulation. Despite the downturn, Vaynerchuk remains optimistic about Bitcoin's long-term prospects, citing technological trends and skepticism toward fiat currencies as potential growth drivers.
Vaynerchuk cautioned that Bitcoin might fall to $40,000 before resuming an upward trend. Analyst Ali Martinez identified $52,040 as a potential bottom based on the −1.0 MVRV Pricing Band. Meanwhile, Bernstein maintains a $150,000 price target for Bitcoin by the end of 2026, attributing the recent decline to weakened market confidence rather than structural issues. These insights reflect a market at a crossroads, with ongoing volatility but sustained long-term optimism from key figures.
Gary Vee Seizes Bitcoin Buying Opportunity Below $70K
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