Unprecedented Bullish Setup
Ikigai Asset Management’s chief investment officer, Travis Kling, believes that a unique confluence of factors will propel Bitcoin (BTC) and Ethereum (ETH) to new all-time highs (ATHs).
Bitcoin’s Path to ATHs
According to Kling, several factors are contributing to Bitcoin’s rally:
- The recent launch of spot Bitcoin ETFs, which provide safe access to BTC for trillions of dollars.
- The upcoming halving, which will reduce BTC miners’ rewards in half, is expected in April.
- The Federal Reserve’s likely rate cuts this year.
- The current stock market ATHs.
Kling believes that these factors will drive Bitcoin to new ATHs, with potential targets ranging from $75,000 to $180,000.
Ethereum’s Similar Setup
Kling sees a similar setup for Ethereum, with a few key differences. Instead of a halving, Ethereum relies on its burn mechanism, which destroys a small amount of ETH with every transaction. Kling also expects a spot market ETH ETF to be approved within the coming months.
Timing and Targets
Kling believes that Ethereum also has a clear path to ATHs, with a potential upside of 100% from its current price. However, the timing and exact targets are subject to debate.
The opinions expressed in this article are not investment advice. Investors should do their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.