How is bitcoin doing?
Asked 1 hour ago
Answer
Bitcoin is experiencing a significant downturn, hitting six- and seven-month lows, with declining ETF demand, institutional outflows, and increased volatility. Despite negative sentiment, some experts remain optimistic about long-term prospects, citing growing institutional involvement and maturing market fundamentals. Stablecoins are gaining traction, but analysts debate their impact on Bitcoin's role. Structural fundamentals are viewed as unchanged, with historical cycles suggesting potential for future recovery.
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Hoskinson: Bitcoin will be up to $250,000 by end of 2026
CNBC · Just In
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Just In
- Hoskinson predicts Bitcoin could reach $250,000 by the end of 2026, expecting market downside to clear within the next two quarters. 16s
- Institutional adoption and new ETFs, along with a crypto-friendly US administration, are influencing this cycle differently from previous retail-led cycles. 44s
- Significant growth is seen in crypto verticals like stablecoins, with projections of over $1 trillion issued by 2030 and $10 trillion in traditional assets entering the crypto space by 2030-2035. 1m 4s
- The proliferation of cryptocurrencies is expected to lead to consolidation, resulting in dominant standards as the sector matures. 2m 22s
- Crypto is increasingly underpinning global trade and infrastructure, enabling stable commercial activity even amid geopolitical tensions and rapid industry growth. 3m 4s
