NYDIG Research Head Urges Bitcoin Adoption
Greg Cipolaro, head of research at NYDIG, argues that investors no longer have a reason to avoid bitcoin. He pointed to the recent U.S. presidential election, which saw Donald Trump and the Republican party win decisively, as a positive catalyst for bitcoin. According to Cipolaro, "Not owning the asset is going to become a liability in the future."
Political and Market Factors Align for BTC Growth
Cipolaro highlighted that bitcoin is now more accessible through well-regulated products like ETFs and could become a "political imperative." His sentiment echoes other industry voices expecting bitcoin to gain further traction, as evidenced by recent price gains.
Growing Consensus on Bitcoin’s Future Potential
With BTC’s price up approximately 18% in the last week, analysts are increasingly optimistic. Firms like Bernstein project bitcoin to reach $90,000 in 2024 and $250,000 by 2025, with additional support from MicroStrategy’s plans to raise $42 billion in BTC investments.
