In a bold prediction, the Chief Executive of Sound Planning Group, David Stryzewski, anticipates a substantial surge in Bitcoin prices, asserting that the cryptocurrency is positioned for “a serious rally.” Stryzewski, honored as the “Advisor of the Year” by the Society of National Social Security Advisors in 2016, shared his insights on the Schwab Network, highlighting pivotal factors driving his bullish outlook.
Stryzewski pinpointed the forthcoming Bitcoin halving and the recent approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) as catalysts propelling the anticipated upward momentum in BTC‘s price.
Expressing his perspective on Bitcoin’s current valuation, he stated:
“I think that bitcoin right now is priced for a serious rally.”
The CEO emphasized the significance of new institutional funds, referring to them as “big money,” entering the market through spot Bitcoin ETFs. Anticipating increased price momentum, Stryzewski highlighted the potential impact of spot Bitcoin ETFs on providing retail investors with broader exposure to BTC.
Underlining his positive stance on Bitcoin as a legitimate asset class, the investment advisor stated:
“It is a real asset class that I believe is going to have … a lot of value here, especially as we go forward into the future.”
While expressing optimism, Stryzewski also issued a cautionary note to investors considering direct Bitcoin purchases, citing the risk of losing their entire investment due to potential mishandling of private keys. He advocated for the safer alternative of investing in spot Bitcoin ETFs, which eliminate this concern. According to Stryzewski, with Bitcoin ETFs, investors can “sell it when you want to sell it or hold it as long as you want,” without the added worry of securing and managing private keys.
