CoinDesk· Will Canny·· 13d ago
Analysts divided on Bitcoin's path to $100,000 as inflation clouds year-end outlook
Original source: CoinDeskRead original
AI brief
Bitcoin price $82,001.05 divides analysts over year-end price targets, with Bitwise forecasting a potential break above $100,000 supported by institutional adoption and demand for hard assets, while LO:TECH expects a range of $85,000–$95,000 constrained by inflation and rate-hike risks. Bitwise head of research Ryan Rasmussen identifies institutional buying through ETFs, demand for hard assets amid inflation, and clearer regulation as longer-term drivers, though macro hurdles including a possible late-October Federal Reserve rate increase and November U.S. midterm elections could constrain near-term gains.
Source: CoinDesk · coindesk.com