Grayscale Research Head Predicts Bitcoin to Hit $200K by Late 2024 Amid Economic Woes

IconCrypto News Terminal25 Apr, 2024

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Grayscale Research Head Predicts Bitcoin to Hit $200K by Late 2024 Amid Economic Woes

Grayscale Research's Head of Policy Research, Zach Pandl, has shared his bullish outlook for Bitcoin, predicting that the leading cryptocurrency could reach $200,000 by late 2024. In an interview with Cointelegraph, Pandl cited persistent inflation and unsustainable budget deficits as key factors that could drive Bitcoin's price appreciation. He said, "By late 2024, we would expect Bitcoin to be somewhere between $100,000 - $140,000 - $200,000." Previously on 25 April 2024, Grayscale Research's head of policy research, Zach Pandl, predicted that Bitcoin would likely hit $200,000 by late 2024 due to persistent inflation and unsustainable budget deficits.

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