{"id":590684,"date":"2024-02-29T12:00:42","date_gmt":"2024-02-29T12:00:42","guid":{"rendered":"https:\/\/wncen.com\/?p=590684"},"modified":"2024-06-11T07:56:24","modified_gmt":"2024-06-11T07:56:24","slug":"bitwise-ceo-bitcoin-250000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitwise-ceo-bitcoin-250000\/","title":{"rendered":"Bitwise CEO Says Bitcoin At $250,000 Is Closer Than You Think"},"content":{"rendered":"

Hunter Horsley, the Chief Executive Officer (CEO) of crypto index fund manager, Bitwise, has stayed highly optimistic about the <\/span>Bitcoin bullish outlook<\/span><\/a>, predicting that the cryptocurrency will witness a rise to $250,000 sooner than most think.<\/span><\/p>\n

BTC’S<\/span> Road To $250,000<\/h2>\n

In a recent X (formerly Twitter) post on Wednesday, Horsley <\/span>made a bold prediction <\/span><\/a>about Bitcoin, foreseeing the cryptocurrency rising to <\/span>new all-time highs<\/span><\/a> never seen before. The CEO has stated that BTC<\/span>\u00a0could reach $250,000, jumping over four times its current price above $62,000.\u00a0<\/span><\/p>\n

Related Reading: Here Are The Factors Driving The Shiba Inu Recovery Above $0.00001<\/a><\/div>\n

Furthermore, Horsley has expressed his belief that BTC<\/span>\u00a0could rival gold<\/span><\/a> in the future. He anticipates that the fast-rising cryptocurrency would \u201ceat into gold\u2019s Total Addressable Market (TAM) faster than people expect.\u201d<\/span><\/p>\n

Highlighting <\/span>Bitcoin\u2019s formidable potential<\/span><\/a> in relation to hold, on Wednesday, February 28, Spot Bitcoin ETFs <\/span>dominated<\/span><\/a> Gold ETFs in the market, with over $578 million flowing into Spot Bitcoin ETFs while gold ETFs experienced outflows of $17 million. These substantial inflows underscore the rising demand and potential superiority of Spot Bitcoin ETFs over <\/span>gold ETFs<\/span><\/a>.\u00a0<\/span><\/p>\n

The Bitwise CEO has also revealed that <\/span>Spot Bitcoin ETFs<\/span><\/a> were BTC’S Initial Public Offering (IPO) moment. Consequently, these investment assets have enhanced BTC’S accessibility for both institutional and retail investors, increasing its exposure and propelling the market value forward by tenfold.\u00a0<\/span><\/p>\n

While Horsley has not provided a specific timeline for his $250,000 <\/span>Bitcoin prediction<\/span><\/a>, the CEO has maintained a long-term bullish outlook for the cryptocurrency. He has also emphasized the need to invest in BTC, <\/span>stating<\/span><\/a> that \u201cwaiting was costly\u201d and yesterday\u2019s price should serve as a reminder to seize any opportunity to <\/span>purchase Bitcoin.\u00a0\u00a0<\/span><\/a><\/p>\n

Bitcoin Shows No Signs Of Slowing Down<\/h2>\n

According to Horsley, Bitcoin is showing no signs of stopping its <\/span>upward momentum<\/span><\/a> anytime soon. The Bitwise CEO has <\/span>revealed<\/span><\/a> that the price of the cryptocurrency is likely to accelerate rather than slow down.\u00a0<\/span><\/p>\n

Related Reading: Cardano Adoption Explodes: ADA Price Ready To Reclaim $3.1 All-Time High?<\/a><\/div>\n

At the time of writing, BTC is trading at a price of $62,142, reflecting a substantial 8.77% increase in just 24 hours. At one point yesterday, the cryptocurrency was <\/span>trading above $57,000. <\/span><\/a>However, after <\/span>achieving unprecedented gains<\/span><\/a>, Bitcoin has successfully crossed the coveted $60,000 price mark and is rapidly approaching its overall all-time high of $68,789 in November 2021.\u00a0<\/span><\/p>\n

Horsley has disclosed that this rapid rise in Bitcoin\u2019s price is largely attributed to the <\/span>success of the Spot Bitcoin ETFs<\/span><\/a>. He has highlighted the possibility of the entire United States capital markets investing in Spot Bitcoin ETFs for the first time, providing a massive opportunity to boost Bitcoin\u2019s adoption and increase the value of the cryptocurrency.<\/span><\/p>\n

\"Bitcoin<\/p>\n

BTC price continues to rise | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Interia, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Hunter Horsley, the Chief Executive Officer (CEO) of crypto index fund manager, Bitwise, has stayed highly optimistic about the Bitcoin bullish outlook, predicting that the cryptocurrency will witness a rise to $250,000 sooner than most think. BTC’S Road To $250,000 In a recent X (formerly Twitter) post on Wednesday, Horsley made a bold prediction about Bitcoin, foreseeing the cryptocurrency rising to new all-time highs never seen before. The CEO has stated that BTC\u00a0could reach $250,000, jumping over four times its current price above $62,000.\u00a0 Related Reading: Here Are The Factors Driving The Shiba Inu Recovery Above $0.00001 Furthermore, Horsley has expressed his belief that BTC\u00a0could rival gold in the future. He anticipates that the fast-rising cryptocurrency would \u201ceat into gold\u2019s Total Addressable Market (TAM) faster than people expect.\u201d Highlighting Bitcoin\u2019s formidable potential in relation to hold, on Wednesday, February 28, Spot Bitcoin ETFs dominated Gold ETFs in the market, with over $578 million flowing into Spot Bitcoin ETFs while gold ETFs experienced outflows of $17 million. These substantial inflows underscore the rising demand and potential superiority of Spot Bitcoin ETFs over gold ETFs.\u00a0 The Bitwise CEO has also revealed that Spot Bitcoin ETFs were BTC’S Initial Public Offering (IPO) moment. Consequently, these investment assets have enhanced BTC’S accessibility for both institutional and retail investors, increasing its exposure and propelling the market value forward by tenfold.\u00a0 While Horsley has not provided a specific timeline for his $250,000 Bitcoin prediction, the CEO has maintained a long-term bullish outlook for the cryptocurrency. He has also emphasized the need to invest in BTC, stating that \u201cwaiting was costly\u201d and yesterday\u2019s price should serve as a reminder to seize any opportunity to purchase Bitcoin.\u00a0\u00a0 Bitcoin Shows No Signs Of Slowing Down According to Horsley, Bitcoin is showing no signs of stopping its upward momentum anytime soon. The Bitwise CEO has revealed that the price of the cryptocurrency is likely to accelerate rather than slow down.\u00a0 Related Reading: Cardano Adoption Explodes: ADA Price Ready To Reclaim $3.1 All-Time High? At the time of writing, BTC is trading at a price of $62,142, reflecting a substantial 8.77% increase in just 24 hours. At one point yesterday, the cryptocurrency was trading above $57,000. However, after achieving unprecedented gains, Bitcoin has successfully crossed the coveted $60,000 price mark and is rapidly approaching its overall all-time high of $68,789 in November 2021.\u00a0 Horsley has disclosed that this rapid rise in Bitcoin\u2019s price is largely attributed to the success of the Spot Bitcoin ETFs. He has highlighted the possibility of the entire United States capital markets investing in Spot Bitcoin ETFs for the first time, providing a massive opportunity to boost Bitcoin\u2019s adoption and increase the value of the cryptocurrency. BTC price continues to rise | Source: BTCUSD on Tradingview.com Featured image from Interia, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":590694,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,679,6848,1119,89185,1122,1144,78790],"class_list":["post-590684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-price-prediction","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nBitwise CEO Says Bitcoin At $250,000 Is Closer Than You Think<\/title>\n<meta name=\"description\" content=\"Hunter Horsley, the CEO of crypto index fund manager, Bitwise, has stayed highly optimistic about the Bitcoin bullish outlook.\" 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitwise CEO Says Bitcoin At $250,000 Is Closer Than You Think","url":"http:\/\/wncen.com\/news\/bitwise-ceo-bitcoin-250000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitwise-ceo-bitcoin-250000\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Bitcoin-price.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Bitcoin-price.jpeg?fit=815%2C543"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","bitcoin price prediction","btc","btc news","btc price","btcusd","btcusdt"],"dateCreated":"2024-02-29T12:00:42Z","datePublished":"2024-02-29T12:00:42Z","dateModified":"2024-06-11T07:56:24Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitwise CEO Says Bitcoin At $250,000 Is Closer Than You Think\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitwise-ceo-bitcoin-250000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitwise-ceo-bitcoin-250000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Bitcoin-price.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Bitcoin-price.jpeg?fit=815%2C543\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"bitcoin price prediction\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2024-02-29T12:00:42Z\",\"datePublished\":\"2024-02-29T12:00:42Z\",\"dateModified\":\"2024-06-11T07:56:24Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Bitcoin-price.jpeg?fit=815%2C543","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/590684"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=590684"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/590684\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/590694"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=590684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=590684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=590684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}