From Investing.com: 2024-05-08 16:00:24

The CEO of CryptoQuant suggests Bitcoin’s network can handle a valuation triple its current size, potentially reaching a market cap of $3,698,582,400,000. With various spot ETFs backing Bitcoin, prices are projected to hit $265,000. Industry experts anticipate a price rebound to $70,000 soon, with projections of even higher values.

Sources:
– U.Today

Read more at Investing.com: Bitcoin (BTC) Network Can Sustain $256K Price Target: Analyst By U.Today