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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, 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.

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