Today the Cryptocurrency market is bullish flashing green and on the other hand a popular cryptocurrency analyst and strategist, PlanB put forth two catalysts that could ignite the next waves of the Bitcoin rally.
In a recent interview with Blockware Intelligence, PlanB was questioned on what events or developments will fuel the next big Bitcoin adoption wave. For this, he answers that if the same question had popped up five years ago, he would never think about what has happened now. He says that at present he feels a second or third El Salvador could be a game-changer.
He is seen quoting that “ “If you would have asked that question five years ago, I wouldn’t have thought of everything that has happened since….. But if we just extrapolate from what we know, a second or third El Salvador would really change the game.
If El Salvador, a small country, would not be alone in Latin America, but if Mexico, Brazil, or Argentina would join them, that would make the case so much stronger and so much more difficult for the IMF [International Monetary Fund] to crush. That’s something I really watch.
According to the crypto strategist, PlanB, if normal people head towards the everyday crypto adoption, then this move will produce a huge rally for Bitcoin and this will happen in reality, especially when paired with institutional adoption.
Proving his point he quotes “And then, just normal demand from normal people that go through the institutions – people putting their pensions in Bitcoin… People buy Bitcoin themselves from an exchange… I see it all around me.”
PlanB says, there are a lot of people who think this is the best time to buy Bitcoin and also he says there are a lot of people who ask him “Hey, how do you set up a wallet?” and these small adoptions are also very much important as per the crypto strategist.
Was this writing helpful?
Source: https://coinpedia.org/bitcoin/these-catalysts-could-trigger-bitcoin-rally-ahead-this-is-where-btc-price-is-heading-next/