$100,000 Is A Magnet For Bitcoin, Grayscale CEO Barry Silbert | CryptoSoul

$100,000 Is A Magnet For Bitcoin, Grayscale CEO Barry Silbert Asserts

In 2019, Grayscale CEO Barry Silbert asserted that $20,000 was a magnet for the bitcoin (BTC) price. Now, Silbert says the $100K level is a magnet for the number one cryptocurrency by market value.

$100K Incoming?Bitcoin has been on a rollercoaster ride this week. The crypto’s recent attempt to surmount the $48,000 resistance ended in a sharp rejection. At the time of writing, BTC is trading at just under $46K. Yet, Silbert — the founder and CEO of Digital Currency Group, the parent company of digital investment vehicle firm Grayscale — is optimistic about the future of bitcoin.

In an August 15 tweet, Silbert stated that “$100k is a magnet” for the bellwether cryptocurrency. He referenced his June 2019 tweet when he had posited the same thing about the $20K mark for BTC.