{"id":46826,"date":"2021-07-28T12:29:28","date_gmt":"2021-07-28T09:29:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=46826"},"modified":"2025-09-01T18:23:22","modified_gmt":"2025-09-01T15:23:22","slug":"bitcoins-best-days-lie-ahead-as-it-eyes-new-highs","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoins-best-days-lie-ahead-as-it-eyes-new-highs\/","title":{"rendered":"Bitcoin\u2019s best days lie ahead as it eyes new highs"},"content":{"rendered":"

Investment adviser Michael Lee, in a comment for FOX Business<\/a>, described bitcoin as a ‘pioneer’ and said its ‘best days are definitely ahead’.<\/p>\n

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He believes digital gold will reach new highs, albeit perhaps not in the near term. As an example, Lee pointed to the asset’s rise from $29,000 to nearly $40,000<\/a> in just over a week.<\/p>\n

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‘It’s hard to explain some of these moves, but this is a very impulse-driven asset class. Once you get a small impulse to the upside, follow-on trades will come and come. And then \u2014 a rise from $29,000 to nearly $40,000 in a little over a week’,” explained the investment adviser.<\/p>\n<\/blockquote>\n

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Lee does not foresee any restrictive regulatory policy for bitcoin, notably from the U.S. Federal Reserve.<\/p>\n

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He also described the rise in the price of the first cryptocurrency above $60,000<\/a> in March 2021 as ‘a side effect of endless money printing’.<\/p>\n

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Earlier in June, the author of the bestseller ‘Rich Dad Poor Dad’ and entrepreneur Robert Kiyosaki urged people to buy bitcoin ahead of ‘the biggest crash in history’<\/a>.<\/p>\n

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Previously, Celsius Network CEO Alex Mashinsky forecast the price of digital gold to rise to $160,000<\/a>.<\/p>\n

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Follow ForkLog’s bitcoin news in our Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n

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Investment adviser Michael Lee, in a FOX Business comment, called bitcoin a ‘pioneer’ and said its ‘best days are definitely ahead’.<\/p>\n","protected":false},"author":1,"featured_media":46827,"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":[18,1138],"class_list":["post-46826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46826","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=46826"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46826\/revisions"}],"predecessor-version":[{"id":46828,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46826\/revisions\/46828"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/46827"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=46826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=46826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=46826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}