Bitwise Asset Management is optimistic about the future of Bitcoin (CRYPTO:BTC), projecting a positive trajectory for the cryptocurrency over the next year.
A researcher from the firm has indicated that Bitcoin is expected to continue its pattern of reaching new highs in the forthcoming months.
This anticipation rests on the cryptocurrency's recent performance trends, suggesting an upward momentum that could persist into the next year.
However, the researcher highlighted regulatory risk as the main challenge facing Bitcoin, hinting at the potential hurdles that could impact its growth trajectory.
Despite the concerns, the sentiment within Bitwise Asset Management leans towards the belief that the journey for Bitcoin is just beginning, pointing towards a promising outlook for investors and enthusiasts alike.