Analysts split on whether bitcoin will reach $100,000
Bitwise sees a possible return above that level, while LO:TECH expects prices to stay in a narrower range amid interest-rate uncertainty.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
Analysts disagree on whether bitcoin can climb back to US$100,000 this year. Bitwise sees a potential return above that level, while LO:TECH expects a narrower trading range. Risks cited include interest-rate rises, bond markets and an escalation in Iran.
Why it matters
Analysts see interest-rate risks and tensions in Iran as factors that could keep bitcoin below US$100,000 this year.
Timeline
- Oct 18, 9:00 AM ET: Bitwise said bitcoin could return above $100,000, while LO:TECH expected a narrower trading range as interest-rate uncertainty weighed on the market.
- Oct 18, 7:00 PM ET: Further analysis said bitcoin is unlikely to climb back above US$100,000 this year, citing interest-rate rises, bonds and an escalation in Iran.
Coverage
- Iran, Fed, bonds: 3 reasons bitcoin is unlikely to hit US$100,000 this year (South China Morning Post)
- Bitcoin’s path to $100,000 splits analysts as rate risks loom (coindesk.com)
More from Business
- Musk pledges SpaceX stock for every American child next year
- Small businesses sue to halt Trump's tariffs on Canadian imports
- Houthi attacks force Saudi Arabia to postpone investor conference
- Bank of America keeps October rate hike call despite markets
- Connecticut man admits losing $1.16M of investor crypto funds
- AI stock selloff keeps markets jittery as CoreWeave debt worries spread