I don’t think Bitcoin will reach $100,000 by the end of the year, but I expect XRP to rally: David Gokhshtein

Founder of Gokhshtein Media, former US politician David Gokhshtein, has taken to Twitter to make another profound statement about crypto. While he has recently tweeted about Shiba Inu, LUNC and XRP, this time he wrote about the leading cryptocurrency, Bitcoin.

Oddly enough, Gokhshtein doubts that the $100,000 price tag is likely to be reached this year, but there is also some good news from this crypto enthusiast.

“I don’t think Bitcoin will reach $100k by the end of the year”

Gokhshtein said he doesn’t think Bitcoin can reach $100,000 by the end of 2022; however, he added that he likes “the way it’s taken.”

I do not think $BTC going to hit 100K by the end of the year, but I like the path it’s taken.

— David Gokhshtein (@davidgokhshtein) 4 October 2022

The flagship cryptocurrency started this year at the $47,000 level; But after the events of February in Western Europe and further outbreaks of instability in financial markets, followed by strong energy prices, BTC failed to hold close to $50,000 and collapsed.

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In June, digital gold went below the $30,000 level. This was preceded by a massive interest rate increase by the US central bank at the beginning of May.

A few more rate hikes by the Federal Reserve and other banks (such as the ECB) took place later this year. Bitcoin has dropped below $19,000 a few times, but each time it managed to climb back to $20,000.

On September 5th, Gokhshtein tweeted that he wanted Bitcoin to go lower (when it was trading at $19,700) for “selfish reasons”, probably because he wanted to buy the dip. Yesterday he tweeted what might explain his aforementioned BTC tweet: “Bitcoin is like a rocking chair – going back and forth.”

“Waiting for XRP to rally”

In an earlier tweet, Gokhshtein said he was “just waiting here for XRP to rally.” Over the past month, the influencer has been bullish on Ripple and XRP, expecting the San Francisco fintech heavyweight to beat the SEC in the lawsuit that has been ongoing since December 2020.

Being bullish and defensive about XRP, the influencer recently shared a view that the more fans of other cryptos become toxic towards the Ripple-linked coin, the more followers and investors it gains.

Just waiting here for $XRP to gather.

— David Gokhshtein (@davidgokhshtein) 3 October 2022

As for Ripple’s potential victory in the case against the US regulator, Gokhshtein believes that if the blockchain firm wins, this will ensure that not only Ripple and XRP, but the entire crypto industry will go through the roof.