In a recent note to investors, Bitwise CIO Matt Hougan stated that three key factors could drive Bitcoin to $80,000 by the end of the year. First, any U.S. election outcome besides a Democratic sweep would favor Bitcoin’s growth. Second, two additional Fed rate cuts and fiscal stimulus from China are crucial. Lastly, Bitcoin must avoid major negative surprises like hacks or lawsuits. If these conditions align, Hougan believes Bitcoin could surpass all-time highs in Q4 2024. Source: The Daily Hodl
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