Multicoin co-founder sees strong chance of BTC reclaiming $100K

Bitcoin is likely to reclaim $100,000, though the timing remains uncertain, Multicoin Capital co-founder Kyle Samani said in a recent interview with Cointelegraph. Samani said a recovery within this year looked unlikely, but not impossible. Samani also said the U.S. crypto regulation bill Clarity Act was unlikely to have a direct impact on Bitcoin. If passed, the bill could still support BTC prices, Samani said, but more because it would lift sentiment and optimism across the broader crypto market than because it would materially affect Bitcoin itself. Compared with other cryptocurrencies that would be affected much more directly by the Clarity Act, Bitcoin’s gains would likely be far smaller, Samani added.