Bitcoin To Peak Between $100K-150K, Solana To Top $600 This Cycle, Say Hedge Funds, VCs
Posted On November 12, 2024
A group of polled venture capital firms and hedge funds expected Bitcoin (CRYPTO: BTC) to peak between $100,000 and $150,000 this bull cycle, down from the astronomical forecasts set by other market researchers.
What happened: According to the “Q4 2024 Crypto Investment Manager Survey” by venture capital firm MV Global, nearly 45% of the respondents projected the top cryptocurrency to stay within the aforementioned range.
These estimates were somewhat modest when compared to global investment bank Standard Chartered’s price target of $200,000 by end-2025 and investment management company VanEck’s prediction of $300,000.
“Our conjecture is the upside sentiment has been reduced because of the last six months of market chop. In other words, …
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