Bybit exec remains bullish on Bitcoin and Ether despite recent market declines

Eugene Cheung, head of institutions at Bybit Exchange, remains optimistic about Bitcoin and Ether despite recent market drops, according to DL News. He believes the assets’ fundamentals are strong, citing increased institutional adoption, including Morgan Stanley's move to pitch Bitcoin ETFs. Cheung also points to anticipated U.S. Fed rate cuts, rising national debt and growing political support for crypto as factors that could drive price gains in late 2024, with Bitcoin potentially reaching $86,000 to $105,000.