Coinspeaker
Bitwise CEO Expects Bitcoin Price Rally to $100K after BTC Halving 2024
Just a day before Bitcoin halving 2024, BTC price has come under significant selling pressure amid rising geopolitical tensions. In the last 24 hours, Bitcoin price took a dip under $60,000 and recovered quickly thereafter now trading at 5.39% up at a price of $64,510 and a market cap of $1.270 trillion. Amid a lot of FUD following this Bitcoin price volatility, Bitwise CEO Hunter Horsley showed strong confidence in BTC’s ability to surge to $100,000 pot the halving event.
Hunter’s comments came after banking giant JPMorgan stated that the halving is already priced-in and Bitcoin would continue with a downtrend trend after the event on Friday.
Commenting on this development, Hunter stated that investors are “dramatically underestimating the halving”. He added that never before the market has priced in the halving event and this time is no different. Hunter added that Bitcoin has del
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