Setting a price target of $50,000 for Bitcoin is perfectly within the bounds of sanity according to Adamant Capital founder Tuur Demeester.
In an interview with Messari CEO Ryan Selkis on May 18, Demeester proposed that what the dollar stands to lose, Bitcoin stands to gain.
“I wouldn’t be surprised if this cycle, this bull market – and this is a bull market – I think for sure that three, four thousand dollars was the bottom,” he said, adding, “I don’t think we’ll go below six thousand again.”Demeester
“I would even say between fifty and a hundred thousand.”Demeester
“The question is more like: what is the dollar going to be worth once we’re at $100,000 Bitcoin?” pondered Demeester.