{"id":48125,"date":"2021-08-23T12:40:43","date_gmt":"2021-08-23T09:40:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48125"},"modified":"2025-09-02T00:41:04","modified_gmt":"2025-09-01T21:41:04","slug":"three-arrows-capital-chief-forecasts-bitcoin-to-reach-88888","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/three-arrows-capital-chief-forecasts-bitcoin-to-reach-88888\/","title":{"rendered":"Three Arrows Capital chief forecasts Bitcoin to reach $88,888"},"content":{"rendered":"<p>The head of the cryptocurrency venture fund Three Arrows Capital, Su Zhu, forecast that Bitcoin would reach $88,888 in less than two months.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"und\" dir=\"ltr\">88888<a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a><\/p>\n<p>\u2014 Zhu Su \ud83d\udd3a (@zhusu) <a href=\"https:\/\/twitter.com\/zhusu\/status\/1429318598271508488?ref_src=twsrc%5Etfw\">August 22, 2021<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"\u00abutf-8\"\"\"><\/script><\/p>\n<p>In January 2021, Three Arrows Capital <a href=\"https:\/\/u1f987.com\/en\/news\/singapore-based-fund-reveals-stake-in-gbtc-trust\">disclosed<\/a> a stake in the Grayscale Bitcoin Trust (GBTC) of 36,969 BTC (about $1.85 billion at the time of writing).<\/p>\n<p>On August 23, Bitcoin price first <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-breaks-above-50000\">surpassed the $50,000 mark<\/a> after <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-falls-below-35000\">May&#8217;s decline<\/a>. The cryptocurrency market capitalization surpassed $2.2 trillion, according to <a href=\"https:\/\/www.coingecko.com\/en\/global_charts\">CoinGecko<\/a>.<\/p>\n<p>In a Bloomberg Intelligence report, senior commodity strategist Mike McGlone <a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-strategist-bitcoin-price-to-reach-100000\">forecasted<\/a> the rise of digital gold to $100,000.<\/p>\n<p>Bitcoin skeptic and gold advocate Peter Schiff <a href=\"https:\/\/u1f987.com\/en\/news\/peter-schiff-if-i-could-go-back-i-would-buy-bitcoin\">acknowledged<\/a> that the price of bitcoin could surge to $100,000 and that he did not buy the asset in 2011. However the entrepreneur still regards the first cryptocurrency as a bubble.<\/p>\n<p>Read ForkLog&#8217;s bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The head of the cryptocurrency venture fund Three Arrows Capital, Su Zhu, forecast that Bitcoin would reach $88,888 in less than two months.<\/p>\n","protected":false},"author":1,"featured_media":48126,"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-48125","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":"8","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48125","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=48125"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48125\/revisions"}],"predecessor-version":[{"id":48127,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48125\/revisions\/48127"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/48126"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=48125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=48125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=48125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}