Funding Financial institution TD Cowen: Bitcoin May Break All-Time Highs as Adoption and Demand Develop

A report revealed by funding financial institution TD Cowen said that as adoption will increase and demand grows, the worth of Bitcoin might rise by 127%, breaking the earlier all-time excessive (almost $70,000).

Then again, if regulators proceed to clamp down on the asset class, the report predicts that draw back situations will result in one other plunge in BTC costs, presumably again to $15,000.

The report recognized a number of essential components as potential drivers that might have a constructive influence on the worth of Bitcoin.

These components embody doable SEC approval of a spot Bitcoin ETF, progress in Lightning Community growth, doable FASB/GAAP accounting modifications to the therapy of Bitcoin holdings, and the upcoming Bitcoin halving.