Odaily Planet Daily News Bybit head Eugene Cheung said that the fundamentals of Bitcoin and Ethereum remain exceptionally strong, and institutional adoption of cryptocurrencies has increased, and highlighted Morgan Stanley's recent decision to have wealth advisors promote Bitcoin exchange-traded funds to clients. Eugene Cheung believes that the expected US interest rate cuts, the growing US national debt, and increased political support for cryptocurrencies all point to higher prices in the second half of 2024. Bitcoin has the potential to break out of its current range and reach a target of $86,000 or even $105,000. (DLNews)