Crypto Fund Strategist: Bitcoin To Reach New ATH

Chief investment officer at Bitwise Asset Management, Matt Hougan said that he’s confident that Bitcoin will be printing some new ATH. Check out the following reports below.

According to the latest reports, during a new interview with Fox Business, Hougan said that Bitcoin would likely cross the $30,000 level in the near term and eventually hit new all-time highs by next year.

Hougan says that the crypto markets were hit by scandals last year after soaring too quickly, but that digital assets are now poised to recover after flushing out excessive leverage.

“I definitely think we’re going to get above that $30,000 level. I think we’re eventually going to get to new all-time highs. You know we had a reset last year with all the issues that crypto had around FTX, around LUNA. It had gotten too big, too fast, and we blew up. But we’ve cleaned up, we’ve reset and now we’re up 77% year-to-date. It’s the best-performing asset class in the world.”

He continued and said the following:

“I certainly think we’re going to get eventually above that $30,000, and as I said, I think we’re moving to all-time new highs. Maybe not this year, but certainly by next year.”

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $29,324.

As we have reported by now, Bitcoin could see massive surges in 2023. The price is boosted by more factors, and one of them is the collapse of the banks across the US and more.

Check out the latest reports and find out how BTC could reach $100k.

At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $28,945.

British multinational bank Standard Chartered is expressing bullish sentiment on Bitcoin (BTC), arguing that the crypto bear market has ended.

According to multiple reports, Standard Chartered analyst Geoff Kendrick said in a research note that has been just issued earlier this week that Bitcoin is destined to appreciate by over 250% from current levels to hit a new all-time high of $100,000.

Kendrick made sure to state the fact that Bitcoin could hit a new all-time high in under two years.

“We see potential for Bitcoin (BTC) to reach the USD 100,000 level by end-2024, as we believe the much-touted ‘crypto winter’ is finally over.”