Financial research firm Fundstrat’s head of research has predicted that the price of bitcoin is headed for $ 150K and could hit $ 500K in five years. Emphasizing the cryptocurrency’s finite supply and “a potentially huge increase in demand with a spot bitcoin approval,” the analyst stressed that it is “definitely achievable” that …
In a recent note to investors, Fundstrat has forecasted a potential surge in the price of bitcoin to an astonishing $ 180,000 before its next block reward halving event in April 2024. The financial services company attributes this projected 521% price hike from current levels to the rising demand, fueled mainly by the anticipated …