[Taklimakan Blog] Galaxy Digital Predicted the Growth of Bitcoin to $70 Thousand by the End of the Year

The company believes that, despite regulatory uncertainty, the price of the first cryptocurrency will update its all-time high as institutional investors start buying digital coins

Co-head of the trading department at Galaxy Digital, Jason Urban, in an interview with Kitco News, predicted that bitcoin by the end of this year will update its historical maximum and grow to $70 thousand. According to Urban, the negative news background, which is now observed on the crypto market, will dissipate by the fall.

The trader also used baseball terminology, calling the adoption of bitcoin by institutional investors “the first inning.” An inning in baseball is one of the nine periods into which the game is divided. This is a kind of analog of half in football, a period in hockey, or a quarter in basketball.