Bitwise CIO predicts that as institutional adoption increases, Bitcoin volatility will decrease by 50%
PANews reported on April 25th, according to Cryptoslate, in a recent investor report, Bitwise Chief Investment Officer Matt Hougan provided a comprehensive outlook for the trajectory of Bitcoin's halving in 2028. He predicts that volatility will decrease by 50%, and institutional investors' participation will increase.
Bitcoin hit an all-time high just weeks before its halving in 2024. Hougan believes this trend will continue after the halving and lead to a significant rise in Bitcoin's price, much like what happened since the first halving in 2012 when it was valued at $13. Hougan reiterated his previous price prediction and stated that Bitcoin still has potential to reach $250,000 within the next few years.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Michael Saylor’s Take on Bitcoin as a Strategic Reserve
World Liberty Financial Bets Big on Crypto with $25M Investment Ahead of Trump Summit
Franklin Templeton says Solana’s DeFi rise presents a threat to Ethereum
Share link:In this post: A Franklin Templeton report suggested that Solana threatened Ethereum due to its growing influence. Solana’s DEX volumes surpassed the Ethereum ecosystem in January, highlighting a potential market shift. According to the report, the shift to activity to the layer two blockchain shows the Ethereum scaling approach was working.
Research Report | In-Depth Analysis of the RedStone & RED Token Market Value
Trending news
MoreCrypto prices
More
