Bitcoin to overshadow $ 200,000 as economic volatility is fighting up, says the ILO of the Bit Matt Hougan – here is the calendar
Bitwise's investment director (IOC) Matt Hougan is optimistic about Bitcoin (BTC) in the midst of 20% of Crypto King in last month.
In an appearance on David Lin's YouTube channel, Hougan said Various fundamental catalysts could increase the price of Bitcoin by more than 95% compared to the current level in months.
“Our prediction is that Bitcoin will overshadow more than $ 200,000 by the end of the year. What is going on right now is that you have a huge amount of good news in Bitcoin. You have an American strategic reserve where the government now has Bitcoin. You have improvements on the regulatory front, you have an institutional adoption.”
According to the IBOI ISD, the macroeconomic environment in force has prevented Bitcoin from rallying more strongly.
“You may not wonder why are prices not higher?” The reason is that we have had a bunch of economic uncertainty which is caused not only bitcoin, but that all risky assets fall.
On the factors that increase the chances that Bitcoin achieves the price target of $ 200,000, says Hougan,
“The price of Bitcoin is set by supply and demand, and we all know the supply, on the right. There will only be 21 million, we will only make 165,000 new ones per year. So you have to look at the request.
The three things to watch: are [exchange-traded funds] ETF win entrances? Do companies like Microstrategy and Metaplanet continue to buy Bitcoin? And do governments buy Bitcoin? If these three things happen, I think the goal of $ 200,000 is a lock. »»
Bitcoin is traded at $ 102,695 at the time of the editorial staff.
https://www.youtube.com/watch?v=lhpfu6ixbe0
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