Bitcoin may be at best buying opportunity ever, fund co-founder says

Mark Moss, co-founder of Bitcoin Opportunity Fund, said Bitcoin’s current price could mark the best buying opportunity in its history as Wall Street firms and banks move into the market, Cointelegraph reported. Moss projected Bitcoin will hit a new all-time high in 2027. Despite the recent drop in Bitcoin prices, Moss said selling pressure is easing, pointing to Bitcoin’s limited downside even after the $6.3 billion Binance hack. He also cited data showing Bitcoin rose by an average of about 53% in the 12 months after past U.S. midterm elections, although the analysis is based on three completed midterm cycles since 2014. If that pattern repeats, Moss said, a fresh record high in 2027 would be possible. On corporate Bitcoin treasury strategies, Moss described Strategy (MSTR) as the publicly traded company with the strongest return potential over the next 10 years. Over the long term, he said Bitcoin could reach $1 million if it competes successfully with stocks, bonds, gold and real estate and absorbs a meaningful share of global investor assets. He added that this scenario assumes financial advisers gradually shift part of client portfolios from stocks or bonds into Bitcoin, and warned the outlook could fail if Bitcoin’s security or decentralization is undermined.