Bitcoin may hit $100K by capturing ‘even 2 to 5% of gold’s market cap’ — Hut 8 VP Sue Ennis

In a recent interview with Paul Barron, Hut 8 vice president Sue Ennis shared her thoughts on how the Bitcoin cost will rise above $100,000 in the next year and how the upcoming halving will affect BTC miners.– 5 things to understand in Bitcoin this weekHigher rates are set thanks to the halving and ultimate BTC ETFCrypto investors have actually waited years for the launch of a spot Bitcoin exchange-traded fund (ETF), and even with the recent influx of applications, an approval by the U.S. Securities and Exchange Commission stays elusive. Concerning a prospective target for the Bitcoin price, Ennis stated: “I absolutely do think we could see in this next cycle $100,000 cost per Bitcoin, and thats based on if BTC were to record even 2 to 5% of golds $13 trillion place in institutional portfolios.

In a current interview with Paul Barron, Hut 8 vice president Sue Ennis shared her thoughts on how the Bitcoin price will increase above $100,000 in the next year and how the upcoming halving will impact BTC miners. Pointing out information from Hashrate Index, Barron observed that spikes in Bitcoin difficulty were followed by drops in BTCs rate. Source: Hashrate IndexBarron questioned if miners were offering Bitcoin as an outcome of the upcoming halving producing a need for more efficient ASICs and whether BTCs pre- and post-halving price action would not be as bullish as financiers anticipated.– 5 things to know in Bitcoin this weekHigher prices are configured thanks to the halving and eventual BTC ETFCrypto investors have actually waited years for the launch of an area Bitcoin exchange-traded fund (ETF), and even with the recent influx of applications, an approval by the U.S. Securities and Exchange Commission remains evasive. Relating to a potential target for the Bitcoin rate, Ennis said: “I definitely do believe we might see in this next cycle $100,000 cost per Bitcoin, and thats based on if BTC were to catch even 2 to 5% of golds $13 trillion place in institutional portfolios.