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Gryphon Digital's Rob Chang predicts bitcoin price surge to $150,000

May 15, 2024
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Gryphon Digital's Rob Chang predicts bitcoin price surge to $150,000

In a recent discussion, Roundtable anchor Rob Nelson engaged with Rob Chang, CEO, president and director of Gryphon Digital Mining (GRYP), and Brittany Kaiser, the chair of the board at Gryphon, to explore the future of bitcoin's price trajectory following its recent halving event. The conversation delved into market trends, institutional investments and the technological value of bitcoin.

Nelson kicked off the discussion by asking Chang about his future price predictions for bitcoin, now that the halving has occurred. Chang responded confidently, "It's actually occurring almost exactly the way I expected it to, at least for now. I can't always be right, but at least right now I'm going to take a little victory lap."

Chang elaborated on his expectations, explaining that bitcoin would experience some sideways movement and occasional dips due to general market trading.

"We saw briefly into the $50,000s and now it's come back up into the ($60,000s) again. Seems like this is a base and hopefully it is," Chang noted.

He emphasized the importance of institutional investors in stabilizing the market, as they are aware of bitcoin's historical trend of doubling in price post-halving and are likely to buy during dips.

The discussion then turned to longer-term predictions.

"My expectation is that we're going to base around here, and at some point, could be end of summer, could be next week, could be later on in the year, we're going to see once again the nice big jumps that we've been seeing before," Chang said.

He suggested that bitcoin could reach new highs as a result, with targets around $100,000 to $150,000, and even possibly hitting $200,000.

Kaiser supported Chang's predictions, emphasizing the significance of recent buying trends among large asset managers, banks, pension funds and even countries.

"That is a huge sign that we are definitely going to see some upper price movement throughout the rest of this year," Kaiser said. She highlighted the growing trend of bitcoin diversification strategies in treasuries as an indicator of its future value.

Nelson added his perspective, focusing on the broader implications of bitcoin's technological utility.

"Everything we're talking about and the idea of the utility of the chain around data, around identity, cybersecurity, all of that raises the value of bitcoin," he said.

Watch the full discussion here:

Interested in learning more?

Download a copy of our investor presentation to learn more about Gryphon Digital Mining and our plans for the future of sustainable Bitcoin mining.