Bitoise Cio Matt Hougan says – Bitcoin to Eclipse is $ 200,000 as economic fluctuations decline.
The chief investment staff (CIO) in BitWise, Matt Hogan, tends to ascend to Bitcoin (BTC) amid Crypto King 20 % over the past month.
In the appearance on the David Lin YouTube channel, Hogan He says Many basic incentives can increase the price of bitcoin by more than 95 % of the current level in months.
“Our prediction is that Bitcoin will exceed more than $ 200,000 by the end of the year. What is happening now is that you have a large amount of good news in Bitcoin. You have a US strategic reserve where the government now has Bitcoin. You have improvements on the organizational front, you have institutional dependence.”
According to the director of coordination between BitWise, the prevailing macroeconomic environment has prevented Bitcoin from gathering more strongly.
“You might be wondering, why are the prices not higher? The reason we did not have a set of economic uncertainty that Bitcoin not only caused, but all risky assets. The stocks will significantly decrease. So the market has decreased but I think over time, at this time when it is currently hesitating this year.
On factors that increase the possibility of bitcoin reaching the price of the price of $ 200,000, Hogan says, says,
“The Bitcoin price is determined by supply and demand, and we all know the offer, right. There will be only 21 million, and we only achieve new 165,000 annually. So you have to see the request.
The three things to see: they are [exchange-traded funds] Investment funds circulating in the traded investment funds? Are companies like Microstrategy and Metaplanet continue to buy Bitcoin? Do you buy Bitcoin governments? 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 this report.
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