*Walter Bloomberg|Aug 31, 2026 17:52
FORMER CREDIT SUISSE RISK HEAD SEES BITCOIN AT $150,000
CK Zheng, former Credit Suisse global head of valuation risk, says Bitcoin’s worst may be over and expects it to reach $150,000 by late 2027.
Zheng sees regulatory clarity, institutional adoption and potential passage of the CLARITY Act driving the next bull cycle.
He also expects rising U.S. debt to increase demand for Bitcoin and gold as dollar-debasement hedges.
Bitcoin currently trades near $78,535.(*Walter Bloomberg)
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