Bitwise CIO Says BTC To $500k Is “Easy” If Strategic Bitcoin Reserve Happens

Quick Summary:

Bitwise Chief Investment Officer (CIO) Matt Hougan has predicted that Bitcoin could easily reach $500,000 if the Strategic Bitcoin Reserve happens.

The Bitwise CIO explained how the introduction of the Bitcoin Reserve would cause a ripple effect that would send the flagship crypto to this price target.

The crypto founder added that politicians would rather spend newly created dollars on public goods than invest in Bitcoin.

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Article Details

Author / Journalist: Boluwatife Adeyemi

Category: Crypto

Markets: India

Topics: Bitwise Bitcoin price Bitcoin Bitcoin News 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 16:35:59 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 364 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 24538882

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 8 hours ago

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