Why Bitcoin Price Crossing $10,000 is so Important: Top Investor Explains

Published by Nick Chong

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According to a prominent cryptocurrency investor and commentator, there’s truth to the importance of these round numbers, especially in this nascent market. This would imply that reclamation of $10,000, then $20,000 on macro price scales will mean that Bitcoin has the fuel to shoot higher, potentially until it reaches another important round number.

In a recent podcast with Luke Martin, Su Zhu of Three Arrows Capital said that round numbers in the cryptocurrency market are extremely important. There’s also Bloomberg, which wrote the following in November on the seeming importance of the barrier between four digits and five: Speaking of Bloomberg and Bitcoin hitting $10,000, an analyst at the prominent markets research and news firm believes that it is “only a matter of time” before the leading cryptocurrency tops that key level.

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