3,300% Bitcoin Explosion Coming – What BTC Traders Can Expect

• Balaji Srinivasan, the former Coinbase Chief Technical Officer, predicts that Bitcoin (BTC) will surge over 3,300% within 90 days as people seek refuge in it due to US banking system’s instability.
• Currently, Bitcoin is trading at $28,053 and displaying a bearish bias with resistance expected at the $28,350 level.
• It remains unclear if Srinivasan’s prediction will come true or not but many industry experts predict bullish trends this year for Bitcoin.

Balaji Srinivasan Predicts 3,300% Growth for Bitcoin

Former Coinbase Chief Technical Officer Balaji Srinivasan is predicting that Bitcoin (BTC) will experience a surge of over 3,300% within 90 days. He believes this growth is due to people seeking refuge in BTC as a safe haven asset amidst the instability of the US banking system.

Current Position of BTC

At present, BTC is trading at $28,053 with a 24-hour trading volume of $10.8 billion and a live market cap of $539 billion. According to technical analysis, it has displayed a bearish bias with resistance expected at the $28,350 level; if surpassed then its value may increase to $28,900 or even $29,400. In case of a bearish trend significant support can be found around levels around $26500 and 25500 respectively.

Prediction’s Accuracy

Srinivasan’s prediction may seem unrealistic but given Bitcoin’s resilience in the past it may still come true; however many industry experts have predicted bullish trends for this year regardless of whether his prediction comes true or not.

Alternative to USD

Srinivasan frames this situation as an election between the USD and BTC where he contends that Bitcoin offers an alternative decentralized planning which better serves free markets compared to centralized planning from the US dollar and could trigger an exodus from traditional banking leading to people investing in BTC as a safe haven asset.


It remains difficult to forecast future cryptocurrency price movements so only time will tell whether Srinivasan’s predictions come true or not; either way many industry experts are expecting bullish trends this year for Bitcoin irrespective of what happens next.

3,300% Bitcoin Explosion Coming – What BTC Traders Can Expect
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