Bitcoin Price Rally to $100K after BTC Halving, Said Bitwise CEO And More

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Bitcoin Price Rally to $100K after BTC Halving 2024, Says Bitwise CEO And Many Other Fintech Giants

Bitcoin price has started to gain its tempo back, slowly moving towards the $70K mark as the price surged 4.76% in just a day. At the moment of writing, Bitcoin is trading at $64,662 with a market capitalization of $1,273,395,007,595 while maintaining the surging momentum.

Based on today’s price surge, many believe Bitcoin might reach $70K before halving even starts and surge to $100K after halving. Hunter Horsley, Bitwise CEO, is among those people who have predicted it.

In this blog, let us discuss what the fintech giants like Hunter Horsley, Arthur Hayes, and Anthony Scaramucci have to say about Bitcoin price after Bitcoin halving.

RIAs and Multi-Family Offices Will Lead The Road For Bitcoin Price

Hunter’s believed that various Registered Investment Advisors and multi-family offices are secretly investing in Bitcoin. Though these things aren’t publicly discussed, people are researching BTC investments. Hunter knows this from his interaction with a large firm, incorporating BTC into client accounts because of its role in their investment.

The CEO claims that this information has been private to keep it away from any unwanted attention. In the future, these firms will be more open about their investment interest in Bitcoin. Continuing with his statement, Hunter expressed his opinion that the ongoing political situation between Iran and Israel is not the reason for Bitcoin selling, let alone altering the long-term BTC holder’s minds.

The impact of the halving isn’t based on the views of fully deployed existing holders. It’s a function of if there will be meaningful consistent new demand, alongside the reduction in the daily availability of natural sellers. From my seat, I see consistent new demand ahead in 2024 and the setup for an impactful halving

According to Hunter, Bitcoin has already gained a huge surge in this one year, and the aim of $100K is just 67% away and achievable.

BitMEX’s Co-Founder, Arthur Hayes, Claims Bitcoin To Go Way Above 100K

Arthur Hayes has made multiple predictions until now, and some of them have actually come true. One of those predictions talks about 2024 Bitcoin halving, pushing the Bitcoin value above the $100K mark and even growing to the $750,000 value by 2026.

The BitMEX co-founder predicted it in 2023 and claimed to see Bitcoin trading around $25-30K in 2023, but 2024 will set a new ATH.

My upside target is $750,000 to $1,000,000 level, 2026 timeframe. I believe this is going to be the largest bull market in financial assets we have ever seen in human history

In a Token 2049 Conference, Arthur explained how Bitcoin is the only solution in this time of central banking balance sheets. He highlighted the shortcomings of the traditional financial system and how the US GDP numbers are fake and a way to keep the people far from the real situation. As Bitcoin is solving some major problems, Arthur’s perspective speaks of a bull run to push Bitcoin price above $100K.

Skybridge Capital Founder Believes Bitcoin Price To Rally $200K

During an interview, Skybridge Capital founder Anthony Scaramucci talked about the bullish patterns indicating Bitcoin hitting $200K after this halving.

Long term with the halving coming this week, I think this thing trades to $170,000, possibly to $200,000

He also clarified that in some situations like wars, terrorist attacks, or anything national security-related issues might push down the Bitcoin value by 10-15%, but other than that, Bitcoin is on the move to $200K.

Conclusion

In contradiction to all these predictions, JP Morgan, the banking giant, has said that Bitcoin will further follow a downtrend and the halving is priced in. Even though Hunter has totally disapproved of that with a simple statement stating, “people are dramatically underestimating the halving, ”further continuing with, “The market had never priced it in before and won’t have priced it in this time.”

With all these discussions about Bitcoin Halving, the Bitcoin price has surged from its downfall. All of these predictions and questions will get the answer pretty soon as Bitcoin halving is only a few hours away.

Read More Top 4 Cryptocurrencies to Buy After Bitcoin Halving

The post Bitcoin Price Rally to $100K after BTC Halving, Said Bitwise CEO And More appeared first on CoinGape.

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