NBA Champion Tristan Thompson Is 'Even More Bullish' on Bitcoin
Bitcoin fell more than 3% to about $81,000 on Thursday. Former NBA champion Tristan Thompson still says it hits $110,000 by the end of the year, about 35% above where it trades now.“We get through this midterm elections and it runs back up to 110,” Thompson told Cointelegraph in a recent interview.He first said “210” by mistake, then corrected himself to $110,000.Thompson also revealed his biggest cryptocurrency trading wins and losses, highlighting an early investment in Cash Cat when its market capitalization was around $3 million.However, not every trade was successful.He described repeatedly buying a creator-backed token as its market capitalization approached $9 million, only to watch its price collapse.Thompson said liquidity-providing fees on Solana helped offset his losses, leaving him approximately breakeven or down a few hundred dollars.He warned investors against excessive leverage and risking their entire portfolios on Why Is Thompson Bullish On Zcash And Solana?Thompson disclosed that he recently took profits on NEAR Protocol and maintains a leveraged long position in Zcash .Zcash’s privacy features and potential expansion into payments and neo banking are its major growth opportunities.He remains optimistic about meme coins, particularly platforms combining speculative tokens with tokenized equities and access to pre-IPO investments.Can Bitcoin Reach $110,000 By Year-End?Thompson reiterated his long-term bullish outlook on Bitcoin, revealing that he continues accumulating BTC daily.He compared Bitcoin to digital gold and ‘401K’, encouraging investors to maintain a long-term perspective.Thompson also disclosed plans to acquire Bitcoin mining facilities and data centers, citing opportunities to benefit from lower electricity costs.He estimated that mining one Bitcoin in the U.S. could cost approximately $45,000 to $50,000 under favorable conditions.Preview Image: Shutterstock