The growing strain in the broader financial market has been tagged as a yardstick for a more ambitious fundamental that can drive Bitcoin (BTC) price growth according to projections from Messari CEO, Ryan Selkis. Taking to his official Twitter account, Selkis said he believes Bitcoin can touch a $100,000 price target within the next 12 months.
As an expert who runs one of the most versatile crypto analytics platforms in the Web 3.0 world, Selkis gave his projections based on a series of fundamental analyses owing to the woes in today’s current banking ecosystem. With three core banks collapsing thus far this week, Selkis projects that there are bound to be more banking failures within the next couple of weeks.
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