CEO of Three Arrows Capital is waiting for bitcoin at $88,888 on the background of a successful month for the fund

Su Zhu, General and investment director of the Three Arrows Capital (3ac) cryptocurrency fund, shared his forecast regarding the price of bitcoin for the foreseeable future. Zhu expects that the first cryptocurrency will rise to the level of $88,888. In a separate comment, he wrote that this will not take two months.

In January, 3ac disclosed a 37,000 BTC position in the Grayscale bitcoin trust. In addition, she is an active player in the market of non-interchangeable tokens and holds in her portfolio about 20 projects from the space of decentralized finance, as well as Dogecoin, among other things.

As noted by BeatleNews, 3ac portfolio projects have shown a high return on investment over the past month. Thus, TrueFi (TRU) grew by 311%, Avalanche (AVAX) – by 231%, and Arweave (AR) and Near (NEAR) added about 150% each.

3ac co-founder Kyle Davis supports the partner and suggests that bitcoin is preparing to overcome a maximum of about $65,000. Over the past day, the cryptocurrency exchange rate has approached the level of $50,000 for the first time in several months, but has not yet been able to rise above it.

Zhu at the beginning of the year admitted that bitcoin could reach a price of $ 2.5 million per coin, provided that it manages to take over the status of the main means of accumulation from gold. Zhu and Davis opened Three Arrows Capital in 2012 and initially focused on emerging markets. In May, Davis said that the largest asset in their portfolio is Ethereum