Custodia Bank CEO Caitlin Long pointed to October as a time for Bitcoin to increase in price.
Bitcoin has experienced a short-term decline due to miners, the German government selling BTC, as well as outflows from ETFs.
Statement above CryptoLawTV with Attorney James Murphy and Custodia Attorney Michelle Kallen, Managing Director Custodia Bank Caitlin Long has made some important statements about Bitcoin.
Claiming that Wall Street will eventually financialize Bitcoin, renowned CEO Caitlin Long said that after Wall Street adopts Bitcoin, Bitcoin will see Largest short liquidation in human history.
Continuing to predict an uptrend, Caitlin Long believes that Bitcoin will experience one big price hike ahead of the US presidential election.
She said that although the price has now dropped, BTC’s fundamentals still look strong, Long predicts BTC will increased significantly in October.
Adding that it is normal to experience drops, the famous CEO stated that miners sold after the halving to survive and said that the price of BTC always drops after each Bitcoin halving before increasing sharply.
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