Bitcoin’s cycle gains averaged 900%; here’s next price target – Greg King

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Bitcoin is still in a quick adoption phase, with the peak of the present cycle at $200,000, said Greg King, founder and also CEO of Osprey Funds.

" I think we remain in an all-natural consolidation stage. Our view is that Bitcoin remains in a bull run. It's sort of in its fourth of fifth big bull leg of Bitcoin. If you look at it traditionally, as it's undergone phases of adaptation, it places in an all-time high that holds for at least 200 days, as well as once that happens, when that all-time high is pierced once more, which we just had in November at $20,000, usually, the next bull run is a 900% return," King claimed.

0:00 – Bitcoin rate cycles
3:26 – Bitcoin as a currency
5:00 – Bitcoin's intrinsic value
6:22 – Osprey Bitcoin Fund
12:22 – Bitcoin derivatives markets
15:38 – Bitcoin's current cost action

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