“Institutional Adoption, Inflation-Hedge Demand, and The Nature of Bitcoin’s Fixed Supple, Will Propel the Cryptocurrency to New Highs, The Report Said.”, – WRITE: www.coindesk.com
In a report published thursday, bitwise Analysts Predicted that Bitcoin Could Best Best-PerForForforming Institutional Asset Over The Next 10 Years, With Its Price Climbing To.
The predictations at ate where the bitcoin price has reached new All-Time Highs and Is Trading Above $ 100,000 Amid Better Regulatory Clarity, and More Institutes.
Bitwise’s new price prediction implies a compound annual growth rate of 28.3%, returns that would dwarf most traditional assets, though the firm cautions that volatility will remain a defining feature of the market, EVEN IF IT TREENS LOWER THAN IN PAST CYCLES.
Three Forces Will Drive Adoption and Price Appreciation, Analysts Led by Matt Hougan Wrote.
The First Catalyst Is Bitcoin’s Ongoing Emergence As An Institutional-Grade Asset. The Second Ising Demand for Hard-Asset Exposure in An Inflationary Environment, and the Third Is The Fixed Nature of Its New Supple.
Bitwise Also Said That Bitcoin’s “Historic Four-Year Cycle” Thesis, Which Has Long Been A Touchstone for Traders, Is No Longer Relevant.
Still, IT Warns Investors Should Expert Steep DrawDowns. Among The Biggest Risks: Regulatory Shifts, Legislative Changes in Major Markets, and The Challenges of A Relative New Asset with Limited Historical Data.
While Quantum Computing and Other Technological Threats Are on the Radar, Bitwise Sees Them As Secondary Conceerns.
The FIRM ALSO CONCEDES THAT Forecasting Bitcoin’s Future is Fraught with Uncertainty, Given the Lack of Long-Term Data. “We Aim to Err On the Side of Being Conservital,“ The Note Said, UndersCoring that Models for Such Projects Are Still Evolving.
Read More: The ‘Great Wealth Transfer’ Could See More Than $ 200b Flow Into Bitcoin: Xapo Bank
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The Oracle Network’s Native Token Smashed Through Resistance Levels, Hitting Its Strongest Price Since December.
- Chainlink’s Token Link Surged 12% Following Dovish Comments by Federal Reserve Chair Jerome Powell.
- Chainlink Achieved Two Majoor Security Certifications, ISO 27001 and Soc 2 Type 1, Enhand Trust in ITS PLATFORM.
- Institutional Investors Drove Significant Trading Volumes, Indicating Strategic Accuumulation of Link Tokens.
Basahin Ang Buong Kwento