Bitcoin Outlook: Bitwise Predicts Strong Performance Over the Next 12 Months

Bitwise Asset Management is optimistic about Bitcoin’s performance over the next 12 months. 

According to a Bitwise researcher. The cryptocurrency is expected to continue reaching “higher highs” amid its fourth halving on the Schwab Network. The researcher highlighted historical trends, noting that the year before and after a halving tends to be Bitcoin’s best-performing period in a cycle. While acknowledging regulatory risks as a primary concern, particularly regarding global perspectives on crypto. The researcher emphasized Bitcoin’s potential for growth as adoption expands globally. 

Bitwise’s long-term outlook remains bullish, with expectations of a “raging bull market” and potential for Bitcoin to reach significant price milestones, such as $200K or even $250K.

Clever Robot News Desk 24^th April 2024