{"id":34884,"date":"2021-01-18T11:33:17","date_gmt":"2021-01-18T09:33:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34884"},"modified":"2025-08-28T22:40:44","modified_gmt":"2025-08-28T19:40:44","slug":"former-u-s-treasury-secretary-predicts-continued-bitcoin-price-rise","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/former-u-s-treasury-secretary-predicts-continued-bitcoin-price-rise\/","title":{"rendered":"Former U.S. Treasury secretary predicts continued Bitcoin price rise"},"content":{"rendered":"<p>Former US Treasury Secretary Lawrence Summers <a href=\\\"https:\/\/www.bloomberg.com\/news\/videos\/2021-01-16\/wall-street-week-full-show-01-15-2021-video?sref=AACmJ2tc\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">said<\/a> that &#8216;Bitcoin won&#8217;t crash&#8217;, and its price will continue to rise in the long term.<!--more--><\/p>\n<p>\\n<\/p>\n<blockquote>\n<p>\u201cThe cryptocurrency looks much more resilient after it hit a new high and then fell,\u201d he said.<\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p>Summers believes that the driver of Bitcoin&#8217;s continued ascent will be higher demand amid a limited supply of coins.<\/p>\n<p>\\n<\/p>\n<p>Earlier, the former minister joined Digital Currency Group as a senior adviser. With Summers on board, the company invested in Abra, Coinbase, CoinDesk, BitGo and Ripple.<\/p>\n<p>\\n<\/p>\n<p>Earlier, MicroStrategy <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-ceo-bitcoin-more-attractive-than-early-bets-on-apple-and-facebook\">said<\/a> that the return on investment in the first cryptocurrency was higher than investments in Apple and Facebook shares in the early stages.<\/p>\n<p>\\n<\/p>\n<p>Earlier, MicroStrategy <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-invests-another-650-million-in-bitcoin\">invested $650 million in Bitcoin<\/a> and now owns 70 470 BTC <a href=\"https:\/\/u1f987.com\/en\/news\/institutions-bought-more-than-1-million-btc-worth-about-40-billion-at-current-prices\">worth more than $2.5 billion<\/a>.<\/p>\n<p>\\n<\/p>\n<p>Follow ForkLog on Telegram: <a href=\\\"https:\/\/t.me\/forkloglive\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog FEED<\/a> \u2014 the full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former US Treasury Secretary Lawrence Summers said that &#8216;Bitcoin will not crash&#8217;; its price will continue to rise in the long term.<\/p>\n","protected":false},"author":1,"featured_media":34885,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1138],"class_list":["post-34884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"6","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34884"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34884\/revisions"}],"predecessor-version":[{"id":34886,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34884\/revisions\/34886"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34885"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}