Cryptocurrency fund manager Bitwise Asset Management predicts that the Bitcoin price will break a new record next year.
Bitwise Asset Management shared its predictions for 2024, stating that Bitcoin will be in 2024. over $80,000 He said he could break a new record by coming out.
Thanks to spot exchange traded funds, which are expected to be approved at the beginning of 2024, from individual and institutional investors With the influx of money and the halving in April/May 2024 Half the amount of new Bitcoin produced is expected to fall.
According to research by Bitwise Asset Management, spot Bitcoin ETFs are 1 percent share in the $7.2 trillion ETF market in five years can take.
Bitwise is among the names that have applied for a Bitcoin ETF with the US Securities and Exchange Commission (SEC). Bitwise Bitcoin ETF recently debuted on DTCC BITB Listed by code.
Thanks to spot ETFs, investment advisors will be able to easily allocate a portion of the portfolio they manage to Bitcoin. Every year until the end of 2024 1 in 4 financial advisors It is estimated that it will move in this direction.