Bitwise CIO Unveils 5 Major Forecasts For Bitcoin 2028 Halving, Anticipates A 280% Price Surge
Matt Hogan, Chief Information Officer (CIO) of Bitwise, recently shared five interesting predictions about the next Bitcoin (BTC) halving, scheduled for 2028. In a comprehensive report, Hogan highlights the potential transformations for the world's leading cryptocurrency.
New investors and ETFs as catalysts
One of Hogan's keys Predictions Is that Bitcoin's volatility will significantly decrease by 50%. He argues that the entry of new investors through instant Bitcoin Exchange-traded fund The ETF market will lead this decline.
As financial advisors, family offices and institutions enter the bitcoin market, their various investment behaviors — such as portfolio rebalancing and fixed investments — could trigger countercyclical inflows, ultimately dampening bitcoin's volatility, Hogan said.
Hogan's second prediction revolves around Bitcoin allocation in wallets. He believes that a 5% allocation to Bitcoin will become commonplace in target-date portfolios. Like Bitcoin Volatility declines and becomes more attractive to institutional investors, and Hogan expects a rise in typical portfolio allocations.
Bitwise's CTO predicts that Bitcoin ETFs will attract more than $200 billion in inflows. He highlights its impressive growth and cites its status as the fastest-growing new company Category of ETFs all times.
Hogan points out that the ETF market is still in its early stages, with national institutions and institutions just beginning to do their due diligence. Drawing parallels with the rise of gold ETFs, which have seen year-over-year growth in net flows, he expects a similar trend for Bitcoin ETFs.
Bitcoin price path towards $250,000
In an interesting prediction, Hogan suggests that central banks will allocate funds to Bitcoin before the next halving event. He points out that central banks have historically been large investors in gold, accumulating large quantities of the metal.
However, with Bitcoin as debtless money and its characteristics Functional advantages Regarding gold in terms of payments and settlements, Hogan believes that central banks will increasingly be attracted to Bitcoin. Hogan further noted in this regard:
There is also an element of game theory here. A major central bank adopting Bitcoin as a reserve asset would be a game changer for Bitcoin, and I believe would contribute to a significant price increase. Is one central bank trying to outperform others?
Hogan's final prediction revolves around the price of Bitcoin. Bitcoin is expected to trade at more than $250,000 by 2028, an increase of approximately 280% from current levels.
Bitwise's CIO attributes Bitcoin's previous explosive growth to its transition from a speculative asset to one with real-world interest.
Factors such as reduced volatility have improved Nursery optionsLower correlations to traditional stocks, enhanced accessibility through ETFs, and growing institutional adoption all contribute to Hogan's optimism about Bitcoin's future progress. Hogan concluded by saying:
With the launch of ETFs and asset pooling — and major Wall Street firms lining up behind Bitcoin — I suspect the asset will continue to move further into the mainstream. At $250,000, Bitcoin would be a $5 trillion asset. Can it go up? naturally. But $250,000 would represent a solid lead between the two halves, and I think we'll see that at least.
BTC is currently trading at $64,500, and is down nearly 3% over the past 24 hours after retesting the $67,000 mark on Tuesday and failing to consolidate above that level.
Featured image from Shutterstock, chart from TradingView.com
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