BTC $77K rally won’t spark overvaluation fears like stocks: Bitwise CEO
Bitcoiners don’t fear overvaluation the way stock traders do, says Bitwise Invest’s CEO, after Bitcoin reached new all-time highs this week. Go to Source
Bookmarking Crypto Insights
Auto Added by WPeMatico
Bitcoiners don’t fear overvaluation the way stock traders do, says Bitwise Invest’s CEO, after Bitcoin reached new all-time highs this week. Go to Source
If Bitcoin matures as a store-of-value asset and governments continue to debase their fiat currencies, its price will surge well into six-figure territory, predicts Bitwise CIO Matt Hougan. Go to Source
Institutional adoption, US government overspending and future economic stimulus packages are just a few reasons why analysts believe Bitcoin price is on the path to $100,000. Go to Source
Bitwise’s head of alpha strategies, Jeff Park, projects that a Trump win in the 2024 U.S. election could push BTC prices toward the $92,000 mark. Park isn’t alone in this prediction; a number of analysts and financial institutions are entertaining similar thoughts. Bitwise Head of Alpha Strategies Jeff Park’s Bold Bitcoin Projection If Donald Trump … Read more
Bitcoin could reach six figures sooner than expected, driven by surging institutional flows into exchange-traded funds (ETFs), economic instability, and the U.S. presidential election, according to the chief investment officer of asset management firm Bitwise. The executive highlights factors like growing GOP support for cryptocurrencies and inflation concerns pushing investors toward BTC. With regulatory clarity … Read more
Bitcoin’s sharp rally has Bitwise CIO Matt Hougan rethinking how fast the crypto could skyrocket, as investors rush to position themselves ahead of the next big surge. “People don’t want to be left behind if and when crypto takes off,” he stressed. “There is a lot of dry powder on the sidelines.” He predicted: “As … Read more
Hunter Horsley, co-founder and CEO of Bitwise, a $4 billion crypto fund manager, believes that banks will accelerate the participation of many investors in the cryptocurrency market. Horsley predicted that in 12 months, the stance of many crypto adopters will change, declaring that banks will be regarded as “the best thing that ever happened to … Read more
Only days earlier, Canary filed to create an XRP ETF in what analysts dub a “call option” on the November US presidential elections. Go to Source
Tether has achieved its first 10 years with a considerable jump in its user base, a closer relationship with US authorities and fresh regulatory challenges in Europe. Go to Source
Asset manager Bitwise has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to merge three bitcoin and ethereum futures exchange-traded funds (ETFs) into a single fund. This new fund will utilize a momentum-based strategy, targeting both bitcoin and ether futures. Bitwise to Combine Bitcoin and Ethereum ETFs According to the SEC filing, … Read more