CleanSpark CEO Zach Bradford forecasts that Bitcoin could reach a peak of nearly $200,000 within the next 18 months.

Bradford’s optimism is based on several factors, including Bitcoin’s historical price trends following halving events and the expected market stability after the U.S. presidential election in 2024.

He emphasized that while it’s less about who wins the election, the certainty following it will likely drive the cryptocurrency toward its next all-time high.

According to Bradford, Bitcoin’s price has exhibited extended periods of stability, which he believes signals a sustained upward trend.

Bradford also discussed CleanSpark’s strategic focus on pure-play Bitcoin mining, highlighting that Bitcoin miners are currently undervalued.

CleanSpark has made significant investments in efficient, smaller mining sites and holds a considerable stockpile of Bitcoin, which the company plans to liquidate during future bull markets to fund growth.

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