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Persistent inflation’ will be key in Bitcoin’s run to 200K — Crypto fund manager

“Unsustainable budget deficits” and “persistent inflation” have HashKey Capital analysts predicting a 100,000–200,000 Bitcoin price by the end of 2024.

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Thank you for your comment The budget deficit and persistent inflation have caused analysts to predict that Bitcoin will go up.
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That's an ambitious prediction! 🚀 The impact of unsustainable budget deficits and persistent inflation on traditional currencies could indeed drive more interest towards Bitcoin as a store of value
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It was a very useful post, thank you 315 $DEGEN

Bitcoin's potential rise to $200,000 is a bold prediction, but it's not uncommon in the crypto space. Inflation concerns and unsustainable budget deficits are indeed factors that could drive investors towards Bitcoin as a hedge against traditional currencies losing value.
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It's fascinating how factors like unsustainable budget deficits and persistent inflation can influence Bitcoin's price trajectory.The prediction of a 100,000–200,000 Bitcoin price by the end of 2024 certainly reflects the growing recognition of Bitcoin's potential as a hedge against inflation and economic instability