Cryptocurrency analyst and trader Tone Vays is detailing the long-term bull case for Bitcoin (BTC) after the flagship digital asset reached two-year lows triggered by FTX Crash of founder and crypto outcast Sam Bankman-Fried.

In a new video, Vays tells his 123,000 YouTube subscribers that even if Bitcoin falls to around $11,000, the largest crypto asset by market cap could still reach a new all-time high of $100,000 next year.

The veteran crypto trader believes that his predicted Bitcoin collapse will likely attract buyers who plan to hold BTC for the long haul.

“We can have a capitulation down to $11,000 and still hit $100,000 next year. Because a lot of Bitcoin is about to go into cold storage because people can buy it on the cheap.”

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