According to ChainCatcher, Matt Hougan, CIO of crypto asset management company Bitwise, said that the results of the US election, the economy and the lack of major surprises in the crypto industry are the three main factors affecting the possibility of Bitcoin "rising" to $80,000 this quarter.

By the end of 2023, Bitwise predicts that the price of Bitcoin will double from $42,400 at the time to more than $80,000 by the end of this year, and points out that the approval of the US spot Bitcoin exchange-traded fund and the fourth Bitcoin halving event are catalysts.