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The CIO of Bitwise predicts that Bitcoin may break through $200,000 this year, the reason being "BTC demand exceeds supply."
2024/03/05 03:51
The Chief Investment Officer of Bitwise stated that due to "huge supply and demand dynamics", the price of Bitcoin could potentially exceed $200,000 this year, emphasizing an "oversupply in Bitcoin demand and a shortage in supply".
He predicted that with the emergence of spot Bitcoin ETFs, there will be a "larger scale of demand," describing it as: "This is a new era for price discovery. I believe prices may significantly increase from current levels."
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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.
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