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23.12 - 11:27
Bitwise CIO ‘not so sure’ about Bitcoin hitting $100K in 2021
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As 2022 draws closer, some cryptocurrency investment experts are now doubtful on whether Bitcoin (BTC) has enough time to hit $100,000 in 2021.
Following a major flash crash in the cryptocurrency market, Bitcoin is unlikely to break new all-time highs in the next three weeks and go all the way up to $100,000, according to Bitwise’s chief investment officer Matt Hougan.
“$100,000 by the end of the year is a difficult prediction to make [...] I think $100,000 could be in target in 2022 but this year, I’m not so sure,” Hougan said in a Dec. 6 interview.
He noted that a potential cryptocurrency rally in 2022 will be largely thanks to growing institutional support. “I think as we look into 2022, we still have these fundamental drivers, the
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