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
World Liberty Financial sees surge in token sales following Donald and Melania Trump memecoin launches
Trump-backed World Liberty Financial has sold 20% of its token supply and decided to open up an additional 5% of the supply for sales.The cumulative sales of the WLFI token reached $254 million on Sunday, up from around $91 million just a day earlier, according to Dune Analytics data.
XRP Nears $4 Target Amid Market Shifts and Whale Accumulation
Hyperliquid (HYPE) Retests Falling Wedge Breakout: Is An Upside Move On The Horizon?
Trending news
MoreCrypto prices
More
