TechFlow news, June 11 — According to Cointelegraph, Bitwise analysts André Dragosch and Ayush Tripathi predict that Bitcoin could surpass $200,000 by the end of the year, eventually reaching an estimated "fair value" of $230,000.
The analysts believe that the rising U.S. federal debt and Trump's proposed tax reduction plan, dubbed "one beautiful bill," are key drivers behind this bullish forecast. The analysts also stated: "Bitcoin’s scarcity and resilience uniquely position it to benefit from fiscal instability and improving market sentiment."
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