Jordi Visser, a seasoned macro investor with over 30 years of experience, claims that Bitcoin's downturn has concluded, citing Elliott Wave theory. Visser suggests that Bitcoin has completed its correction phase and is now entering a new uptrend from the $60,000 level. He emphasizes Bitcoin's role as a "digital scarcity" asset amid global processor and energy shortages.
Visser also highlights the impact of artificial intelligence and commodity scarcity on the economy, predicting inflation rates to exceed the Federal Reserve's 2% target, potentially reaching 4% or higher. He argues that Bitcoin's position in investment portfolios will become essential by year-end, urging asset managers to consider allocating 3% to 5% of portfolios to Bitcoin.
Veteran Analyst Predicts Bitcoin Uptrend Based on Elliott Wave Theory
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