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This is what happens to Bitcoin if Russia invades Ukraine; Gareth Soloway has bad news for bulls

Kitco News

Gareth Soloway, chief market strategist of InTheMoneyStocks.com, discusses with David Lin, anchor for Kitco News, the near-term targets for Bitcoin, gold, and stocks.

“Right now, I don’t see [$100,000 Bitcoin price by year-end] as a possibility, I really don’t. I wish I did. I know there’s a lot of people that are just holding and unfortunately, a lot of people got in at this $60,000 range,” Soloway said.

Soloway said that he still maintains his $20,000 medium-term Bitcoin price target, while he is bullish long-term.

On tensions in Eastern Europe, Soloway said that a Russian invasion of Ukraine may in fact provide tailwinds for Bitcoin.

To find out why escalating tensions in Eastern Europe could be beneficial to Bitcoin, watch the video above.

Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)

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