Sylvia Jablonski, CEO, chief investment officer and co-founder of the Defiance ETF, explained her bullishness on Bitcoin despite the recent price drop in an interview with C. Jablonski told the media: I am still completely bullish on Bitcoin. I think short-term activity is just noise. She noted: “As far as we’ve seen over the past six months to a year or so, Bitcoin seems to be particularly correlated with risk assets and equities.
When investors see the cryptocurrency market rally for a few days in a row, they get back into Bitcoin, ethereum, and a few other cryptocurrencies.
Jablonski predicts that in the short term it will be sideways and the price will be range bound, but in the long term I still expect Bitcoin to be in the $100,000 camp before I expect it to go to zero, now is the entry good time.