Home Crypto Market Movers Bitcoin Price Predicted to Surge to $100,000 Following Halving: Bitwise CEO

Bitcoin Price Predicted to Surge to $100,000 Following Halving: Bitwise CEO

Bitcoin halving 2024

Bitwise CEO, Hunter Horsley, has made a bold prediction, foreseeing a surge in Bitcoin’s price to a staggering $100,000 following the halving. While geopolitical tensions cast a shadow of doubt over traditional markets, Horsley remains steadfast in his belief in Bitcoin’s potential.

As the world watches with bated breath, the price of Bitcoin has experienced fluctuations in recent days. However, despite temporary dips below the $60,000 mark, Bitcoin has demonstrated resilience, currently trading at over $64,500 with a market cap exceeding $1.27 trillion.

In the midst of this volatility, Horsley’s confidence in Bitcoin’s future remains unshaken. Contrary to the assertions of some financial institutions, Horsley argues that the halving event is not fully priced-in and expects Bitcoin to defy expectations once again.

According to Horsley, the impact of the halving goes beyond the sentiments of existing holders. It hinges on the emergence of consistent new demand coupled with a reduction in the daily availability of sellers. From his vantage point, Horsley sees a clear path forward for Bitcoin, with sustained demand driving prices to new heights.

But what about institutional investors? Despite lingering doubts and geopolitical tensions, Horsley notes a growing interest among Registered Investment Advisers (RIAs) and multi-family offices in Bitcoin. These entities, often operating under the radar, are quietly exploring Bitcoin investments and conducting thorough research.

According to Horsley, investors are grossly underestimating the transformative power of the halving event. Drawing upon historical precedents, he noted that Bitcoin has consistently delivered exponential returns in the aftermath of previous halving cycles. With the next halving on the horizon, Horsley remains steadfast in his belief that Bitcoin is poised for a monumental rally, setting its sights on the coveted $100,000 milestone.

In addition to market dynamics, Horsley shed light on a burgeoning trend in the realm of institutional investment. Despite the veil of secrecy shrouding their activities, a growing number of Registered Investment Advisers (RIAs) and multi-family offices are quietly exploring Bitcoin as a viable investment avenue. These institutions, while conducting meticulous research behind closed doors, are discreetly incorporating Bitcoin into their investment portfolios.

The reluctance to publicly disclose involvement with cryptocurrency stems from a desire to avoid undue scrutiny and maintain a competitive edge. However, Horsley predicts a gradual shift towards greater transparency as institutional interest in Bitcoin continues to soar. As these firms navigate the uncharted waters of digital assets, they are poised to emerge as trailblazers in the realm of institutional cryptocurrency investment.

In meetings with industry insiders, Horsley has witnessed firsthand the increasing adoption of Bitcoin within institutional circles. From large firms incorporating Bitcoin into client accounts to smaller entities exploring its potential, the trend is undeniable.

Yet, amidst this growing interest, many institutions prefer to keep their Bitcoin investments under wraps, avoiding the spotlight. However, Horsley predicts that this reluctance will soon give way to greater transparency, as more firms openly embrace Bitcoin.

As the world awaits the outcome of the halving event, one thing is certain: Bitcoin continues to defy expectations and capture the imagination of investors worldwide. Whether it’s reaching new price milestones or gaining acceptance among institutional investors, Bitcoin’s journey is far from over.

In the ever-changing landscape of finance, Bitcoin stands as a beacon of innovation and possibility. And with each passing day, its influence grows stronger, paving the way for a future where digital assets reign supreme.

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Steven Anderson

Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9

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