Bitcoin While the cryptocurrency market followed a bumpy course after the ATH in March, major increases are expected to occur in October and beyond, which are historically known as the rise months.
At this point, while many prices are predicted for BTC, there is also a prediction. Bitwise CIO’su Matt HouganIt came from.
Speaking to The Block Matt Hougan said that Bitcoin has the potential to rise above $80,000 in the 4th quarter and that three conditions must be met for this to happen.
Bitwise CIO said he sees US election results, macroeconomic factors and stability in the crypto sector as key factors for Bitcoin to surpass $80,000 in the last quarter.
1-US Election Results!
Matt Hougan said that the US elections are a big event for cryptocurrencies and most people think it is a binary outcome. To most voters, Trump = Good, Harris = Bad.
However, Hougan said that Bitcoin does not need politicians to thrive, it just needs to get them out of the way.
“At this point, barring Democrats taking over both houses of Congress and the White House, I think the expected development and rise in Bitcoin will occur if Democrats simply take a more neutral approach to the industry.”
2-Economic Events!
Regarding the economy, Bitwise CIO stated that two interest rate cuts totaling 50 basis points by the end of the year and additional fiscal incentives from China are other necessary conditions for Bitcoin’s rise.
3-No Big Surprises!
According to Bitwise CEO, the final condition for Bitcoin to trade above $80,000 this year is a period without major surprises in the crypto industry.
According to Hougan “If there are no major attacks, If there are no new large-scale cases, If previously locked coins are not suddenly unlocked, then the rise will come.”
Hougan recently stated that Bitcoin could even rise to 100 thousand dollars, but a broader crypto enthusiasm is needed for 100 thousand dollars.
“Beyond these three conditions, a broader crypto rally could definitely help Bitcoin climb to $100,000. “
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/bitwise-bitcoinin-80-bin-dolara-ulasmasi-gereken-uc-sarti-acikladi/
