Presto Research Analyst: $100,000 Will Be Bitcoin’s Next “Interest Level”

Odaily News Min Jung, investment analyst at Presto Research, said traders are enthusiastic about the prospects of Bitcoin. "In the short term, 100k will be the next major interest level due to the symbolic nature of the number and the number change. The US may eventually add Bitcoin to its balance sheet - perhaps as part of a 'strategic Bitcoin reserve' or similar assets. With this in mind, our target is around the $110,000 range." (Coindesk)