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Bitcoin still on track to $100K despite growing risks, says strategic investor Lyn Alden

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Strategic investor Lyn Alden is satisfied Bitcoin has nonetheless the potential to succeed in $100K within the present bull cycle — regardless of rising uncertainty and rising volatility. 

“We’re seeing numerous froth all through the trade”, she stated, referring to the newest rally in plenty of meme cash akin to Doge.

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“These are form of warning indicators for the cycle”, she added.

Alden stated that with the bull run slowing down and rising dangers of a correction, it is sensible for some buyers to take some cash off the desk and put it into another property.

“For individuals who would have bother with drawdowns or durations of volatility, it will possibly make sense to rebalance”.

Total, Alden’s place stays bullish given her confidence within the robust fundamentals of the Bitcoin community:

“I’ve a reasonably excessive conviction on it. And so I am superb with sustaining a pretty big place.”

Regardless of plenty of altcoins outperforming Bitcoin this 12 months, she doesn’t suppose Bitcoin is wherever close to shedding its main place within the crypto market. Most altcoins, she identified, didn’t handle to maintain the identical diploma of development all through a number of enterprise cycles.

“ I might be extra involved if I noticed protocols that chip into Bitcoin’s market dominance in a single cycle after which chip much more into it within the subsequent market cycle”.

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