Bitwise CIO: Three things are needed for Bitcoin’s “melt-up” to $80,000 in Q4
Matt Hougan has said three factors will push Bitcoin to $80,000 by the end of 2024 Hougan indicated that the US election is a big deal for crypto Altcoins could also help bolster the melt-up case for Bitcoin achieving new highs Bitwise’s CIO has indicated three things that could see Bitcoin achieving highs of $80,000 by the end of 2024. In a client memo, Matt Hougan said that the US election, the economy, and no negative crypto surprises are what may see a “melt-up” of Bitcoin to trade above $80,000 during the last quarter of 2024. At the end of 2023, Bitwise predicted that Bitcoin would reach $80,000. He also indicated that spot Bitcoin exchange-traded funds (ETFs) will be approved. In his latest memo, Hougan stood by his belief that Bitcoin will reach all-time highs. Writing about the US election, the CIO stated that while a Republican win would be good for the crypto market “given the GOP’s strong and growing advocacy for th...