• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Bitwise CIO considers the purpose of $ one hundred,000 per Bitcoin (BTC) in 2021 to be not possible

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

May 20, 2024
Avalanche (AVAX) price is among the few altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

April 16, 2024

Most of the crypto neighborhood expects Bitcoin to surpass $ one hundred,000 in 2021, but BTC has nevertheless to fetch in excess of $ 68,000. As a consequence, some specialists have begun to harbor skepticism about this trend.

Bitwise CIO considers the goal of $ 100,000 per Bitcoin (BTC) in 2021 to be impossible
Bitwise CIO considers the purpose of $ one hundred,000 per Bitcoin (BTC) in 2021 to be not possible

After a flash crash in the cryptocurrency market place in excess of the weekend when Bitcoin “bottomed out” at $ 42,000, Matt Hougan, Bitwise’s Chief Investment Officer, stated BTC is unlikely to break out of highs in the subsequent 3 weeks and attain the purpose of $ one hundred,000 by the finish of the 12 months.

“I think $ 100,000 could be easily made in 2022, but this year I fear it will be very difficult.”

Matt Hougan mentioned that Bitcoin’s disruptive likely in 2022 will largely be due to expanding help from institutions and governments. Looking ahead to 2022, the market place nevertheless has these underlying dynamics, Hougan stated, with quite a few institutions nevertheless making an attempt to get in and get publicity to Bitcoin.

Additionally, Bitwise’s CIO also predicts that 2022 will see an explosion of Ethereum-primarily based action and layer one networks, or answers aimed at strengthening the underlying protocol itself to scale the total process rather of generating a distinct protocol.

“Investors will appear to Ethereum (ETH), Solana (SOL) or Polygon (MATIC). They are starting up to understand that there is considerably much more to Bitcoin. If there is a greater story for subsequent 12 months, it would be DeFi, NFT, Web3, or the metaverse.

– See much more: What is the cause why the metaverse can grow to be a trillion dollar market place in the subsequent handful of many years?

While Hougan prioritizes the expanding likely of altcoins in different fields, quite a few prominent figures in the crypto neighborhood nevertheless stick to BTC. Bobby Lee, founder and CEO of the Ballet cryptocurrency wallet, argued that Bitcoin is much more worthwhile than altcoins simply because traders are not backed by something other than a guarantee from the undertaking.

However, the $ one hundred,000 milestone for Bitcoin in 2021 is nevertheless strengthened and trusted by quite a few nicely-regarded cryptocurrency investigation units in the market place, which include Bank Standard Chartered, the creator of the Stock-to-Flow PlanB model, co-founder of Morgan Creek Digital Assets, Anthony Pompliano, Anthony Scaramucci, CEO of SkyBridge Capital and other folks.

Coin Summary 68

Maybe you are interested:

Maybe you are interested:

Tags: BitcoinBitwiseBTCCIOConsidersgoalimpossible
Share76Tweet47

Related Posts

Bitcoin Dips to $102,400 Amid Altcoin Drop and Fed Decision

by shark
June 23, 2025
0

Bitcoin's price fell due to the Federal Reserve's interest rate decision, impacting the cryptocurrency market with increased volatility and investor...

Congressman Massie Proposes Federal Reserve Abolition Bill

by shark
June 22, 2025
0

Rep. Thomas Massie's Bill to Abolish Federal Reserve: Implications for U.S. Financial System and Cryptocurrencies

Exposed Crypto OTC Scam Defrauds $50 Million

by shark
June 22, 2025
0

Large-scale crypto OTC scam hits investors, defrauding over $50 million in assets.

U.S. Spot Bitcoin ETFs Record Ninth Day of Inflows

by shark
June 22, 2025
0

U.S. spot Bitcoin ETFs see significant inflows led by BlackRock, indicating strong institutional market confidence.

Semler Scientific Targets 105,000 BTC Holding by 2027

by shark
June 22, 2025
0

Discover how Semler Scientific plans to accumulate 105,000 Bitcoin by 2027, impacting institutional adoption and market dynamics.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Bitcoin Dips to $102,400 Amid Altcoin Drop and Fed Decision
  • Congressman Massie Proposes Federal Reserve Abolition Bill
  • Exposed Crypto OTC Scam Defrauds $50 Million
  • U.S. Spot Bitcoin ETFs Record Ninth Day of Inflows
  • Semler Scientific Targets 105,000 BTC Holding by 2027
  • Pump.fun Delays Token Auction Amid Legal Challenges
  • Coinbase Relocates EU Headquarters to Luxembourg Post-MiCA Approval
  • Trump Family Cuts Stake in World Liberty Financial
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7