'Record Highs' for Bitcoin…"Potential to Surpass $130,000 in September"

JOON HYOUNG LEE

Summary

Markus Thielen, CEO of the cryptocurrency analysis firm 10x Research, gave a positive outlook that Bitcoin's price could reach $133,000 in September.
CEO Thielen predicted that the U.S. Consumer Price Index (CPI) to be released on the 15th will be favorable, mentioning additional upward factors.
He also stated that the 'Crypto Week' held by the U.S. House of Representatives will create an optimistic policy environment for Bitcoin.

There is speculation that the price of Bitcoin (BTC) could break through $130,000 this September.

Markus Thielen, CEO of the cryptocurrency analysis firm 10x Research, told Cointelegraph on the 9th (local time) that he remains "positive about the potential for Bitcoin to rise" and stated that "Bitcoin could reach $133,000 this coming September."

He also mentioned grounds for further Bitcoin price increases. First, CEO Thielen commented that the U.S. Consumer Price Index (CPI), scheduled for release on the 15th (local time), will be "favorable." Regarding the 'Crypto Week' to be held by the U.S. House of Representatives from the 14th to the 18th, he said, "An optimistic policy environment will be created for Bitcoin."

Meanwhile, on the same day (the 9th), Bitcoin reached a new all-time high, surpassing $112,000 for the first time ever. As of 4:37 p.m. that day, according to CoinMarketCap, Bitcoin was trading at $111,367.73, up 2.38% from the previous day.

BTC