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Joe DiPasquale Predicts Bitcoin’s Ascendancy to $100K in 24 Months Amid Market Turbulence

The Bullish Outlook on Bitcoin

Joe DiPasquale, CEO of Bitbull Capital, is taking a stand in the maze that is today’s crypto market, insisting that Bitcoin (BTC) is poised to hit $100K within the next two years. Despite the current bearish atmosphere that has investors feeling like they’re on a rollercoaster, DiPasquale remains optimistic about the future, declaring, “I think 2023 is a safe bet.”

Higher Lows and Higher Highs

When discussing Bitcoin’s recent price movements, he notes that the cryptocurrency is showcasing a pattern of higher lows and highs, which is often a bullish indicator. Like a kid on a sugar rush, BTC has shown some erratic behaviors but with a sense of increasing stability.

Crypto’s Reaction to Global Events

Since the initiation of the military conflict between Russia and Ukraine, the crypto sphere has been in flux. Bitcoin initially dropped, resembling a toddler who just lost their ice cream cone. However, it staged a significant comeback, prompting debates about its role as a digital gold equivalent.

Beyond Gold: Bitcoin as a Currency

DiPasquale emphasizes the need to reconsider Bitcoin’s identity, describing it as a currency that remains independent from central bank influences. “We need to see Bitcoin as not maybe digital gold, but as a currency that doesn’t follow the whims of a central bank,” he mentioned. This view is gaining traction especially when you consider how finite Bitcoin’s supply is.

Crypto as a Tool for Financial Resilience

On both sides of the Ukraine conflict, people are adopting cryptocurrencies to cushion their finances from the downturn. As uncertain times call for novel solutions, crypto has emerged as a viable alternative for many. However, the increasing use of Bitcoin by the Russian elite raises eyebrows regarding the potential for it to be used in avoiding sanctions. Yet, DiPasquale argues against this notion firmly.

Traceability of Bitcoin

“Bitcoin, unlike cash, is completely traceable,” he noted, encapsulating why attempts to use it for evading sanctions would be futile. In the grand scheme of things, the transparent nature of blockchain technology allows for tracking transactions, making illicit uses quite the perilous endeavor.

The Bigger Picture of Bitcoin’s Future

As 2023 approaches, it remains to be seen whether DiPasquale’s projections hold true. For now, his remarks provide a glimmer of hope in a tumultuous crypto landscape, igniting discussions about Bitcoin’s true potential. With increasing adoption and innovations on the horizon, one must wonder if BTC is stumbling towards greatness, or merely tiptoeing into the realm of forgotten digital assets.

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