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Bitwise CIO: Bitcoin May Push to $100,000 by Year's End, ETH to Hit All-Time High as Well

Bitwise CIO: Bitcoin May Push to $100,000 by Year's End, ETH to Hit All-Time High as Well

Bitget2024/07/10 15:37

On July 10, Bitwise CIO Matt Hougan said that all of the current sell-off headwinds are one-off sales that have caused short-term liquidity shocks, and that the seasonal period when cryptocurrencies are typically less liquid is coming to an end. In contrast, spot Bitcoin ETF inflows, the halving of Bitcoin, a shift in political attitudes in the spot Ether ETF, and the prospect of a Fed rate cut have created a better long-term environment for cryptocurrencies. Combined with strong growth in the stablecoin market, Layer 2 development, and the increasing involvement of institutions like BlackRock in the space, the right combination of developments in the second half of the year could easily propel Bitcoin to $100,000 and push ETH to new all-time highs.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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