One of the factors driving interest among private wealth managers is the growing belief that Bitcoin could reach as high as $100,000 by the end of 2024.
However, despite the optimism surrounding the asset class, there are also concerns that Bitcoin’s four-year cycles may no longer be reliable in predicting its future price trajectory.
Crypto assets are gaining popularity among Asian private wealth managers, with 76% of respondents to a new Aspen Digital report investing in cryptocurrencies. The shift in attitude is driven by Bitcoin’s recent regulatory approval, as the asset class gains legitimacy and global interest.
