Bitcoin 'Playbook' Revealed: $80K By Year-End, Says Investment Expert
Portfolio Pulse from Ivan Crnogatić
Bitwise CIO Matt Hougan predicts Bitcoin could reach $80,000 by the end of 2024, driven by political, economic, and crypto-specific factors. Key drivers include U.S. election outcomes, Federal Reserve rate cuts, and global stimulus, alongside a stable crypto environment.
October 09, 2024 | 3:23 pm
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Bitwise CIO Matt Hougan forecasts Bitcoin reaching $80,000 by end of 2024, contingent on political, economic, and crypto-specific factors. Key influences include U.S. election outcomes, Federal Reserve rate cuts, and global economic stimulus.
Hougan's prediction is based on several factors: a favorable U.S. election outcome, anticipated Federal Reserve rate cuts, and global economic stimulus, particularly from China. Additionally, a stable crypto environment without major negative events is crucial. These factors combined could drive Bitcoin's price upwards.
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