With Bitcoin (BTC) back in action, Three Arrows Capital co-founder and CEO Su Zhu has hinted that the price of the leading cryptocurrency will smash its previous ATH to reach $88,000 in two months.
<h2><strong>Three Arrows Capital CEO Su Zhu Says Bitcoin Will Smash ATH</strong></h2>
Su Zhu, the co-founder of hedge fund management company Three Arrows Capital took to <a href="https://twitter.com/zhusu/status/1429318598271508488" target="_blank" rel="nofollow noopener">Twitter</a> to predict BTC's next price target of $88,000. The digital asset will reach the price action in less than two months from now, according to one of the world’s biggest crypto holders.

https://twitter.com/zhusu/status/1429318598271508488

Zhu's remarks came after fellow co-founder Kyle Davies tweeted that Bitcoin looked like it wanted to “supercycle” right through all-time highs. ‘Supercycle’ is a lingo used among the holders to signify that cryptocurrencies are on the verge of mass adoption.

https://twitter.com/kyled116/status/1428512098213007376

Appearing in an interview in February, Zhu said that Bitcoin hitting $2.5 million is “definitely possible” over the long term, if the digital asset replaces the market cap of gold, as the leading store of value.
<blockquote><em>“So then you’re already halfway there to $100 trillion and that will get you to $2.5 million per BTC and I think that that is definitely possible.”</em></blockquote>
On Aug 21, BTC hit a three-month high of $49,830, signifying the <a href="https://www.cryptoknowmics.com/news/bitcoin-btc-rebounds-above-48150-seeking-51000/">bullish</a> momentum is back. Data shows that Bitcoin's “Crypto Fear &amp; Greed Index” is now at 78 after entering the “extreme greed” territory but is still far from its peak level of 95 that was reached in February.
<h2><strong>Ex-Credit Suisse Traders Among the World's Largest Crypto Holders</strong></h2>
Kyle Davies and Su Zhu started Three Arrows Capital at their apartment back in 2012. The two attended high school then studied at Columbia University in New York before joining Credit Suisse as derivatives traders in Tokyo. After three years at the Swiss bank, they launched Three Arrows Capital. Now they are among the world’s biggest crypto holders with a portfolio worth billions of dollars.

A January filing revealed that the firm owned a 5.6% stake in the Grayscale Bitcoin Trust. Besides Bitcoin, the firm has invested in Ethereum, Dogecoin, <a href="https://www.cryptoknowmics.com/news/avalanche-rolls-out-180m-defi-incentive-program-with-aave-and-curve/">Avalanche</a> including DeFi protocols such as Aave, Balancer, SushiSwap, and cryptocurrency companies such as BlockFi, Deribit among others.

Crypto Billionaire Predicts Bitcoin Will Smash ATH in Two Months

The co-founder of Three Arrows Capital CEO Su Zhu has hinted that the price of Bitcoin will smash its previous ATH to reach $88,000 in two months.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Crypto Billionaire Predicts Bitcoin Will Smash ATH in Two Months

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