Executive Director of CSOP: Bitcoin may reach US$80,000 in one or two months

Bitcoin has risen sharply this year, rising by nearly 50% since the beginning of the year. It once exceeded US$70,000 at the beginning of this month, driving the inflow of funds into related assets. Li Xueheng, executive director and head of the distribution and sales department of CSOP Asset Management Co., Ltd., said in an interview, The price of Bitcoin has fallen back from a high to the current level of about $65,000. The bull market cycle that began at the beginning of the year was driven by the approval of spot ETFs in the United States, the Bitcoin halving, and the completion of the U.S. interest rate hike cycle. It is optimistic that Bitcoin prices can continue to rise in the future. It is expected that Bitcoin will have an adjustment period of about 10 to 20 days after reaching a new high. It is estimated that it can rise to US$80,000 within one or two months, and the next key level is US$100,000.