‘Persistent inflation’ will be key in Bitcoin’s run to $200K — Crypto fund manager
“Unsustainable budget deficits” and “persistent inflation” have HashKey Capital analysts predicting a $100,000 to $200,000 Bitcoin price by the end of 2024.
Bitcoin (BTC) price has surged throughout 2024, fueled by the launch of several spot BTC ETFs and the asset’s fundamental role as a store of value.
The interest in BTC is expected to persist, particularly as the United States government’s continued high spending and interest rate policy discussions prevail, suggests Grayscale’s research director Zach Pandl.
“We expect persistent inflation and unsustainable budget deficits to contribute to continued demand for a store of value assets, like Bitcoin,” Pandl told Cointelegraph.
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Author: Ivan Zhelev
