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Need some holiday cheer this Monday morning? Don’t worry, I’ve got you: Bitcoin at $120,000 could be a thing by Christmas. 

Or so Steven McClurg, Canary Capital CEO, thinks. 

“There’s a lot of appetite” for bitcoin and bitcoin ETFs, which could fuel the run, he added. 

I’m not going to sugarcoat it. That type of run looks tough right now. Over the weekend, bitcoin mostly sat below six figures, unable to take — and hold — $100k.

But McClurg told me all of the work he’s done has led him to believe that a rally could happen. And even if $120,000 remains elusive into the…

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