Bullish on Bitcoin Now, David Gokhshtein Says, Here's Possible Reason

Oct 11,2022
Bullish on Bitcoin Now, David Gokhshtein Says, Here's Possible Reason
  • "Bitcoin will explode soon"
  • Analysts show that Bitcoin is likely to soar rapidly

David Gokhshstein, founder of Gokhshtein Media, once again shares his optimistic attitude towards Bitcoin. According to its article, he predicted that the flagship digital currency would explode rapidly.

"Bitcoin will explode soon"

Former US House of Representatives candidate David Gokhshtein spent several months on Twitter discussing the XRP attached to Shiba Inu and Ripple, and then he again took a fancy to Bitcoin.

At the beginning of October, Bitcoin recovered well to the level of $20000, and even rose to the local highest value of $20395 on October 6. However, after the release of the student employment report in September, BTC fell to the bottom of the day at $19700.

The United States Department of Labor released a stronger than expected layoff report. According to the report, 263000 new jobs were created in the sales market, not the estimated 255000. As a result, the number of unemployed fell from the expected 3.7 per cent to 3.5 per cent.

The futures trading of US stocks and Hong Kong Hang Seng Index fell, and Bitcoin will follow.

Analysts show that Bitcoin is likely to soar rapidly

As mentioned above, Ki Young Ju, the person in charge of CryptoQuant, a Korean analysis platform, said that Bitcoin is likely to increase rapidly.

He concluded that, because financial enterprises have recently transferred a lot of USDC stable loans to the intermediate trading center, this means that there are more "powders" available for BTC payment.