[Analysis company CEO announces Bitcoin price prediction after halving: When will $100,000 arrive? 】
Matt Hu, CEO of Blofin Research, took a deep dive into the potential price movement of Bitcoin post-halving in a recent analysis. He emphasized that the launch of the U.S. Bitcoin spot ETF provides institutional investors with convenient investment avenues, which may push up Bitcoin prices in the long term. Matt Hu pointed out that despite the current high sentiment in the crypto market, Bitcoin’s Google search volume has not reached the peak of previous bull markets, and suggested that the options market provide insight into the views of institutional investors.
According to BloFin Academy research, institutional investors are expected to inject $700 to $100 billion into the Bitcoin market in 2024, which is expected to drive up Bitcoin prices. Humat is optimistic about the future of Bitcoin, predicting its price will surpass $80,000 by the middle of this year and reach $100,000 within a year. He believes that the Federal Reserve’s expected interest rate cuts and comprehensive regulation of crypto products will attract more funds into the market and further promote the rise of Bitcoin prices.
Matt Hu also emphasized that overall economic asset allocation needs and Bitcoin’s widespread use will drive its price growth.
