Constellation Research founder and investor Ray “R” Wang made noteworthy predictions about digital assets and tech giants on the Fox Business program “Varney & Co.”
Wang argued that a “golden age” for digital assets has begun, while stating that Bitcoin could rise to $150,000 within the next six months.
According to Wang, legislative developments in the US, such as the Clarity Act, the Anti-CBDC Surveillance State Act, and the Genius Act, which provide clarity on cryptocurrency regulations, are boosting confidence in Bitcoin. Furthermore, the White House’s actions supporting these regulations and the expectation of falling interest rates, coupled with the depreciation of the dollar, will drive investors toward riskier assets. This, Wang argues, creates a strong foundation for Bitcoin’s rise.
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Wang also stated that the adoption of Bitcoin as a reserve asset by some countries and the rise of stablecoin initiatives will also increase demand. “Digital assets are poised for growth in a more decentralized and regulated manner than ever before,” Wang said, adding that these developments will push prices higher.
Wang made a striking prediction not only about the cryptocurrency market but also about tech giant Nvidia. He claimed that Nvidia shares, currently trading around $170, could reach $200 by the end of the year. He cited the lifting of the Chinese chip ban and the shift of countries toward Nvidia hardware for “sovereign AI” projects as key reasons for this.
*This is not investment advice.
Continue Reading: Chinese Analyst Shares the Level He Thinks Bitcoin (BTC) Price Will Hit in Six Months
