Ray Wang, founder and investor at Constellation Research, shared his predictions about the future of digital assets and Nvidia shares on Fox Business program 'Varney & Co.'
The Dawn of a Golden Age for Digital Assets
Wang expressed that a 'golden age' for digital assets has begun, predicting that Bitcoin could reach $150,000 within the next six months.
Support from New Legislative Initiatives
According to Wang, positive legislative developments in the US, such as the Clarity Act and the Anti-CBDC Surveillance State Act, are enhancing confidence in Bitcoin, creating a strong foundation for its rise. He also highlighted that the White House's efforts in supporting these initiatives and the expected fall in interest rates further augment interest in riskier assets.
Forecast for Nvidia Shares
Wang also predicts that Nvidia shares, currently trading around $170, might reach $200 by the end of the year. He connects this to the lifting of the Chinese chip ban and the increasing demand for Nvidia hardware in 'sovereign AI' projects.
Ray Wang's predictions underline the importance of legislative changes and technology in driving the growth of both digital assets and major company stocks, potentially influencing future market fluctuations.
