strong buy
Bitcoin Price Could Hit $150K Due to Supply Shock
Bitwise predicts that Bitcoin could quickly reach a range between $140,000 and $150,000, based on their "supply shock" model. This scenario happens when institutional and ETF acquisitions surpass miner output, coupled with a low willingness to sell among long-term investors who are accumulating and transferring their coins away from exchanges.
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AI Analysis
The prediction by Bitwise hinges on the 'supply shock' model, which emphasizes the imbalance between Bitcoin supply and demand. As institutions and ETFs continue to acquire BTC at a rapid rate, they o...
AI Recommendation
Given the strong foundation suggested by this supply-driven model, investors with a risk appetite might consider positioning themselves accordingly, perhaps through gradual entry or accumulation strat...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.