Senior Crypto Research Analyst at Bitwise, Ryan Rasmussen, predicted Bitcoin would reach $88K by the end of 2024 in a recently released interview with Yahoo Finance. In Bitcoin’s recent surge, the crypto reached its highest level in over two years, breaking above the $57,000 mark. However, the interview highlighted how, year to date, Ethereum “has managed to outperform its larger crypto rival.”

Rasmussen stated that Bitcoin benefits from excitement around the upcoming halving event and bullish futures trading positions. However, the analyst believes that Ethereum is bullish due to the anticipation around the Dencun upgrade in March, which is driving “a lot of excitement.” The upgrade is reportedly expected to lower transaction costs.

Despite the optimism, the analyst highlighted that the Bitcoin ETFs weren’t approved easily 📈🚀📉