Hunter Horsley, chief executive officer (CEO) of crypto index fund manager Bitwise, has remained very optimistic about the bitcoin Bullish Outlookpredicting that the cryptocurrency will experience a rise to $250,000 sooner than most think.
btc'S On the way to $250,000
In a recent X (formerly Twitter) post on Wednesday, Horsley made a bold prediction on bitcoin, anticipating that the cryptocurrency will rise to new all-time highs never seen before. The CEO has stated that btc could reach $250,000, quadrupling its current price above $62,000.
Furthermore, Horsley has expressed his belief that btcbitcoin-in-etf-investors-flock-to-btc/” rel=”nofollow”> could rival gold in the future. He anticipates that the fast-growing cryptocurrency would “eat up gold's total addressable market (TAM) faster than people expect.”
Highlighting bitcoin-reaches-trillion-dollar-valuation-how-it-stacks-up-to-stocks-gold-more/” rel=”nofollow”>The formidable potential of bitcoin in connection with the holding, on Wednesday, February 28, of the bitcoin Spot ETF dominated Gold ETFs in the market, with over $578 million flowing into spot bitcoin ETFs, while gold ETFs experienced outflows of $17 million. These significant inflows underscore the growing demand and potential superiority of bitcoin Spot ETFs over bitcoin-etf-flows-flip-gold-capital-rotation/” rel=”nofollow”>gold ETF.
The CEO of Bitwise has also revealed that bitcoin Spot ETF It was the time of the btc initial public offering (IPO). Consequently, these investment assets have improved the accessibility of btc for institutional and retail investors, increasing its exposure and driving the market value tenfold.
While Horsley has not provided a specific timeline for his $250,000 payment bitcoin-analyst-target-200000-spot-etfs-btc-new-era/” rel=”nofollow”>bitcoin prediction, the CEO has maintained a long-term bullish outlook for the cryptocurrency. He has also emphasized the need to invest in btc, indicating that “the wait was costly” and yesterday's price should serve as a reminder to take advantage of any opportunity to bitcoin-newbie-whales-unprecedented-7-3-profit/” rel=”nofollow”>buy bitcoins.
bitcoin shows no signs of slowing down
According to Horsley, bitcoin shows no signs of stopping its bitcoin-break-above-supertrend-expects-btc-mania/” rel=”nofollow”>upward momentum whenever. Bitwise CEO has revealed that the price of the cryptocurrency is likely to accelerate rather than decline.
At the time of writing, btc is trading at a price of $62,142, reflecting a substantial 8.77% increase in just 24 hours. At one point yesterday, the cryptocurrency was trading above $57,000. However, after bitcoin-highest-february-returns/” rel=”nofollow”>achieving unprecedented profitsbitcoin has successfully surpassed the coveted $60,000 price mark and is rapidly approaching its overall all-time high of $68,789 in November 2021.
Horsley has revealed that this rapid rise in the price of bitcoin is largely attributed to the bitcoin-etfs-btc-down-20-founder/” rel=”nofollow”>success of bitcoin Spot ETFs. It has highlighted the possibility of all US capital markets investing in spot bitcoin ETFs for the first time, providing a huge opportunity to drive bitcoin adoption and increase the value of the cryptocurrency.
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btc price continues to rise | Source: BTCUSD on Tradingview.com
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