Bitcoin Can Hit $80K This Year, Unless There's A Democratic Sweep: Bitwise CIO

Bitwise CIO says Bitcoin can still reach its all-time high and even pass it before the year ends, unless the Democratic Party sweeps the balance of power in this election. (Credit: Kostenlose Bilder mit KI/flickr)

KEY POINTS

• Hougan noted the disparity in crypto views among Democrats
• He compared such views to the GOP, wherein many have already expressed support
• Hougan noted that for $BTC to thrive, the cryptocurrency should get politicians 'out of the way'

Bitcoin has been struggling to approach its all-time high (ATH) above $73,000 amid multiple economic and geopolitical headwinds. But an industry expert believes the world's largest cryptocurrency can still hit its ATH and even surpass it before the year end under certain conditions.