<ul><li>Bitwise's Chief Investment Officer, Matt Hougan, believes Bitcoin could reach new all-time highs of $80,000 if certain conditions are met.</li><li>The outcome of the US election, economic conditions, and stability in the crypto industry are key factors that could influence Bitcoin's upward trajectory.</li><li>Hougan suggests that if the US election doesn't result in a complete Democratic victory, Bitcoin could climb to $80,000.</li><li>Additionally, economic developments, including Federal Reserve rate cuts and fiscal stimulus from China, could contribute to Bitcoin's potential rally.</li><li>Stability within the crypto industry, avoiding major disruptions and surprises, is another important factor for Bitcoin's success.</li><li>Broader positive sentiment in the crypto market, referred to as 'animal spirits', could also boost Bitcoin's short-term performance.</li></ul>

Bitcoin may hit $80K if crypto ‘animal spirits’ awaken, says Bitwise CIO

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