The post Bitcoin Set to Surpass $200,000 in 2024 Amid U.S. Fiscal Instability, Says Bitwise Analysts appeared on BitcoinEthereumNews.com.

According to recent analysis by Bitwise researchers André Dragosch and Ayush Tripathi, Bitcoin’s valuation is poised for significant growth, with projections indicating a potential rise beyond $200,000 by year-end. Their assessment, detailed in a weekly market outlook, underscores the impact of escalating U.S. federal debt and persistent fiscal deficits, exacerbated by proposed tax reforms such as the “Great Tax Act.” The U.S. Congressional Budget Office forecasts a sharp increase in net interest expenses, potentially reaching $3 trillion by 2030, heightening concerns over sovereign debt sustainability. In this context, Bitwise highlights Bitcoin’s intrinsic scarcity and its role as a hedge against fiscal uncertainty, positioning it favorably amid macroeconomic volatility. Market participants are advised to monitor these fiscal dynamics closely, as Bitcoin’s resilience and limited supply could drive its price beyond current expectations, reinforcing its appeal as a strategic asset in diversified portfolios. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range of coins. Join now! ‘, ‘ 💎 The Easiest Way to Invest in CryptoDont wait to get started. Click now and discover the advantages! ‘ ]; var adplace = document.getElementById(“ads-binance”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex; adplace.innerHTML = adscodesBinance[adsindex]; sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBinance”, sessperindex); } })(); Source: https://en.coinotag.com/breakingnews/bitcoin-set-to-surpass-200000-in-2024-amid-u-s-fiscal-instability-says-bitwise-analysts/

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Filed under: News - @ June 11, 2025 4:22 am