Bitwise Outlines Three Conditions for Bitcoin to Reach $80K in 2024

Investment company Bitwise highlighted three key conditions for Bitcoin to hit $80,000 in 2024. According to Matt Hougan, Bitwise’s Chief Investment Officer, while Bitcoin is expected to reach this level by 2025, achieving it sooner depends on these factors:

1. A win by Republican candidate Donald Trump in the U.S. elections or a shift in crypto policy by Democrats.
2. The Federal Reserve lowering interest rates by 50 basis points and additional economic stimulus from China.
3. No major negative shocks in the crypto industry, such as hacks or legal battles.

Additionally, the support of altcoins could push Bitcoin even higher, potentially reaching $100K within months. Despite recent dips, Bitcoin remains one of the top-performing assets in 2024, up 44% since January.