Bitwise’s Chief Investment Officer (CIO) Matt Hougan has predicted that the Bitcoin price could reach a new all-time high (ATH) even before the US election. The Bitwise CIO’s prediction came as he acknowledged the impact Kamala Harris’ support could have on the market as the US presidential elections draw closer.
Bitwise Predicts New Bitcoin ATH Before US Elections
Matt Hougan suggested in his latest weekly memo that BTC could hit a new ATH before the US elections. In the weekly memo released last week, the Bitwise CIO implied that market participants might have to wait until after the elections before Bitcoin runs to $80,000, representing a new ATH for the flagship crypto.
However, Hougan stated that after the Monday BTC rally to $67,000, he was no longer sure that market participants would have to wait that long before the price rally to that target occurred. He claimed the rally showed that many people don’t want to be left behind if and when crypto takes off.
He added,
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