Bitcoin could hit $88K by end of 2024: Bitwise analyst
Spot bitcoin (BTC-USD) ETF listings have led to a recent boom in the core crypto asset’s prices. Is it time for cryptocurrency ethereum (ETH-USD) to have similar luck through ETF trading?
Bitwise Senior Crypto Research Analyst Ryan Rasmussen — whose firm oversees the Bitwise Bitcoin ETF (BITB) — joins Yahoo Finance Live to discuss the trajectory of digital assets, as well as the likelihood for spot ethereum ETF approval.
“There’s a lot of forces at work here in the crypto market. For the case of bitcoin, we’re seeing two things at play — there’s a lot of excitement around the halving, we’re certainly seeing futures trading taking those positions going into April around where they think the price is going to move. we think they’re positioned bullishly,” Rasmussen explains. “For ethereum, it’s speculation on ethereum spot ETFs. There’s a lot of excitement around a new upgrade coming to the ethereum network in March, it’s called Dencun… that should lower the cost to transact on ethereum.”
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor’s note: This article was written by Luke Carberry Mogan.
