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Crypto Exec Says Bitcoin Price Will Touch $80,000 Before Year-End If This Happens

  • Matt Hougan, the Chief Investment Officer (CIO) of Bitwise predicts that the price of Bitcoin (BTC) could reach $80,000 by the end of the year.
  • Hougan highlights three major conditions for Bitcoin to outperform this year: the results of the US Presidential elections, two rate cuts, and global stimulus.
  • Hougan believes a Republican win would be beneficial for the crypto industry, while a Democratic win could be a hindrance due to some politicians' anti-crypto stance.
  • Hougan emphasizes the importance of avoiding bearish surprises like hacks or the sudden release of locked coins to maintain a bullish market.

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