Franklin Templeton, managing $1.68 trillion in assets, predicts Bitcoin will exceed $100,000 by 2026, despite current market pressures. Christopher Jensen, Head of Digital Assets Research at Franklin Templeton Digital Assets, outlined this expectation, noting Bitcoin's potential to reclaim its 200-day moving average and surpass the key $100,000 threshold. Jensen emphasized that while Bitcoin's price may experience volatility and consolidation, the baseline scenario remains bullish.
The asset management firm acknowledges the ongoing macro bear market affecting Bitcoin and the broader cryptocurrency sector. However, Franklin Templeton remains optimistic due to factors such as institutional demand and potential regulatory clarity in the U.S. These elements are expected to drive Bitcoin's growth, with a federal proposal to legalize crypto assets possibly shifting investments from traditional markets into Bitcoin.
Franklin Templeton Forecasts Bitcoin to Surpass $100,000 by 2026
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