The CEO of CleanSpark predicted that Bitcoin’s price will rise to $200,000 in the next 18 months, representing a 210% increase from current levels. He made his forecast in an interview with Bernstein, citing expected Federal Reserve rate cuts, the conclusion of the U.S. presidential election, and post-halving dynamics.
CleanSpark is the third-largest mining company by market capitalization after Marathon Digital and Core Scientific. In the last nine months, the company reported revenue of $289 million and holds 7,558 bitcoins on its balance sheet, worth $482 million.
This optimistic prediction aligns with expectations from other analysts, including Michael Saylor of MicroStrategy, who predicts Bitcoin’s price to reach $13 million by 2045.
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