{"id":133957,"date":"2024-07-24T21:30:38","date_gmt":"2024-07-24T18:30:38","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133957"},"modified":"2024-07-24T21:03:48","modified_gmt":"2024-07-24T18:03:48","slug":"bitcoin-prediction-asset-management-firm-forecasts-100k-price-soon","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-prediction-asset-management-firm-forecasts-100k-price-soon\/","title":{"rendered":"Bitcoin Prediction: Asset Management Firm Forecasts $100K Price Soon"},"content":{"rendered":"<p>Trump is scheduled to speak at the Bitcoin 2024 Conference this week, with speculation about a major Bitcoin announcement, possibly a strategic reserve.<\/p>\n<p>CSOP has recently <strong><a href=\"https:\/\/www.bloomberg.com\/news\/audio\/2024-07-22\/hong-kong-inverse-bitcoin-etf-could-be-a-pacesetter-tiger-money\" rel=\"nofollow\">launched<\/a> <\/strong>Asia\u2019s first inverse Bitcoin ETF in Hong Kong, allowing investors to profit from declines in<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\"> Bitcoin prices<\/a><\/strong>. Chen highlighted that this product addresses the lack of options for shorting Bitcoin.<\/p>\n<p>Chen supports the view that Bitcoin could rapidly approach $100,000, partly due to Trump\u2019s pro-crypto stance and positive market sentiment following Trump\u2019s vice presidential pick, JD Vance.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-133951\" href=\"https:\/\/cryptodnes.bg\/en\/kraken-completes-mt-gox-payouts-without-triggering-bitcoin-sell-off\/\" title=\"Kraken Completes Mt. Gox Payouts Without Triggering Bitcoin Sell-Off\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/02\/bitcoin-timi-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Kraken Completes Mt. Gox Payouts Without Triggering Bitcoin Sell-Off<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>While recent Bitcoin ETF launches have not significantly boosted the market, BlackRock\u2019s iShares Bitcoin Trust has attracted substantial institutional investment, with $19 billion in inflows this year. Despite a brief outflow, interest remains strong.<\/p>\n<p>Matrixport notes that a rebound in Bitcoin\u2019s hash rate, a key indicator of future rallies, signals a promising outlook. Bitcoin miners are also expanding into AI as mining revenues decline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ding Chen, CEO of CSOP Asset Management, forecasts that Bitcoin might soon hit $100,000, aligning with traders who believe that a rally spurred by Donald Trump\u2019s support could be substantial.<\/p>\n","protected":false},"author":3,"featured_media":71708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72,261,424,294,122],"coin_category":[],"class_list":["post-133957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-blackrock","tag-crypto","tag-etf","tag-trump"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Prediction: Asset 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