Bybit Exec: 'BTC, ETH Fundamentals Strong…Macro Environment Not Bad'
CryptoNewsTerminal Staff05 Aug, 2024
Bybit Exec: 'BTC, ETH Fundamentals Strong…Macro Environment Not Bad'
According to DL News, Bybit Head of Institutional Business, Eugene Cheung, expressed his outlook on the crypto market, stating that ‘BTC and ETH fundamentals remain strong and might drive BTC to $86,000 to $100,500 due to an upcoming US rate cut, increasing national debt, and a friendlier political climate towards crypto.’ He added that ‘the recent move by Morgan Stanley to allow its 15,000 financial advisors to recommend the purchase of BlackRock's IBIT and Fidelity's FBTC to qualified clients starting August 7 will further drive institutional adoption.'
