Bitwise CEO Hunter Horsley believes that Bitcoin is still undervalued and has a lot of potential for growth. He stated that investors now see Bitcoin as a mature asset class with regulatory clarity, leading to increased interest and investments. Horsley also mentioned the deflationary mechanism of Bitcoin and the impact of retail investors and hedge fund managers on its price fluctuations. He noted that Coinbase, a leading crypto exchange, has seen its share price surge due to the changing regulatory environment. Horsley predicts a surge in the number of IPOs in the crypto space. The data shows significant inflows into Bitcoin exchange-traded funds, indicating growing investor interest. As of now, Bitcoin is trading at $97,966 with a market capitalization of $1.9 trillion.



Other News from Today