Bitcoin price has started to gain momentum, inching closer to the $70K mark with a 4.76% surge in just a day. Currently trading at $64,662, Bitcoin is showing signs of maintaining its upward trajectory with a market capitalization of $1,273,395,007,595.
Many experts, including Bitwise CEO Hunter Horsley, believe that Bitcoin could reach $70K before the halving and potentially surge to $100K post-halving. Horsley revealed that Registered Investment Advisors and multi-family offices are quietly investing in Bitcoin, indicating a growing interest in the cryptocurrency among traditional financial institutions.
Arthur Hayes, co-founder of BitMEX, has made bold predictions about Bitcoin’s future, foreseeing a price surge above $100K and even reaching $750,000 by 2026. Hayes emphasized Bitcoin’s role in challenging the traditional financial system and solving major economic issues.
Skybridge Capital founder Anthony Scaramucci also expressed optimism about Bitcoin’s price rally, suggesting that it could reach $200K after the halving. Despite potential market fluctuations due to external factors, Scaramucci remains bullish on Bitcoin’s long-term prospects.
While some institutions like JP Morgan have expressed skepticism about Bitcoin’s future price movements, Hunter Horsley remains confident in Bitcoin’s potential, stating that the halving has not been fully priced in by the market.
As the Bitcoin halving approaches, the cryptocurrency market is buzzing with anticipation and speculation. With experts offering contrasting views on Bitcoin’s future price trajectory, all eyes are on the digital asset as it continues its upward climb.
Source: https://coingape.com/trending/bitcoin-price-rally-to-100k-after-btc-halving-said-bitwise-ceo-and-more/
