Bitcoin may hit $80K if crypto ‘animal spirits’ awaken, says Bitwise CIO
Bitwise’s Chief Investment Officer, Matt Hougan, believes Bitcoin could still reach new all-time highs of $80,000 this year but only under specific conditions.
In an Oct. 9 note to investors, Hougan outlined the key factors that could influence Bitcoin’s upward trajectory, including the outcome of the US election, economic conditions, and the absence of major disruptions in the crypto space.
US elections
Hougan suggested that Bitcoin could climb to $80,000 if the upcoming US election results in anything other than a complete Democratic victory.
While many view the election as a straightforward choice between pro-crypto Donald Trump and ‘lukewarm’ Kamala Harris, Hougan explained the situation is more complex.
According to him, the…
