Bitwise analyst: Bitcoin may break $200,000 by the end of the year, with a "fair value" of $230,000

ChainCatcher news, according to Cointelegraph, Bitwise researchers André Dragosch and Ayush Tripathi predict that Bitcoin may break through $200,000 by the end of the year, ultimately reaching an estimated "fair value" of $230,000.

Analysts believe that the rising federal debt in the U.S. and Trump's proposed "beautiful plan" tax cut are key drivers of this bullish forecast. The analysts also stated, "The scarcity and resilience of Bitcoin uniquely position it to benefit from fiscal instability and improving market sentiment."