Thomas Fahrer says multiple “low-probability” events could push Bitcoin into a “strong bull market.”
A number of factors in Bitcoin could increase its price over eight times its current value, even if most of them dont materialize, according to the CEO of crypto-focused reviews portal Apollo, Thomas Fahrer.
Each one of these individual things is kind of a low probability, but theres a lot of low probability potential outcomes that can cause a really strong bull market for Bitcoin, Fahrer tells Hall of Flame.
He predicts that, even if just a couple of these events occur, Bitcoin could reach the half-a-million-dollar mark within the next four-year cycle.