CandleFocus Bitcoin set to hit six figures amid growing whale accumulation and supply constraints: Bitwise CIO
2024-10-18
Author: Content Editor
Bitwise CIO Matt Hougan predicts that Bitcoin will reach six-figure prices due to factors such as growing whale accumulation and reduced supply after the halving. Whales recently purchased a significant amount of BTC, indicating renewed confidence in Bitcoin's price potential. The uptick in demand for Bitcoin ETFs is expected to increase institutional investment and drive up prices. The upcoming US presidential election, supportive stances from candidates, and economic factors such as increasing national debt and global monetary adjustments are also seen as positive catalysts for Bitcoin's value.
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