Bitcoin to $100K: Key Factors from Bitwise CIO
Bitwise CIO predicts Bitcoin could surge to $100,000 by year's end, despite its current dip to $57,800.
Matt Hougan calls the recent Bitcoin market pullback a gift for long-term investors.
Hougan highlights key factors: inflows into spot Bitcoin ETPs, recent Bitcoin halving, and potential Ethereum ETP listings.
Spot Bitcoin ETPs have already amassed $15 billion in net new assets, and this number could grow significantly.
The recent Bitcoin halving, which cut new supply by 50%, historically leads to significant price increases.
Short-term liquidity shocks, like Mt Gox and government Bitcoin sales, are suppressing the current price.
Hougan remains optimistic, seeing favorable regulatory changes and institutional adoption driving Bitcoin's long-term growth.
For More English Blogs Click Here