Economic Instability Could Pave the Way for Bitcoin’s Ascent to $200K

 

Economic Instability Could Pave the Way for Bitcoin’s Ascent to $200K

High spending and interest rate policies are expected to boost the demand for assets like Bitcoin that serve as a store of value.

Zach Pandl of Grayscale predicts that there could be an increase in Bitcoin interest due to inflation and budget deficits. Jupiter Zheng from HashKey Capital is also optimistic about Bitcoin's growth potential and believes that BTC’s value could hit between $100,000 and $200,000 by end of 2024. Venture capitalist Tim Draper believes Bitcoin could triple in value within the year, driven by the introduction of spot Bitcoin ETFs in the U.S. that provide a hedge against fiat currency devaluation.