Bitwise CIO Predicts Bitcoin to Hit $100K by Year-End

<h1 class="d-none">Bitcoin to $100K: Key Factors from Bitwise CIO</h1> <h2 class="d-none">Bitcoin Surge to $100K: Bitwise CIO&#039;s BTC Prediction</h2> 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.

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