Bitwise CIO: Bitcoin may break $100,000 sooner than expected
Matt Hougan, the Chief Investment Officer of asset management company Bitwise, stated that due to the influx of institutional funds into Bitcoin exchange-traded funds (ETFs), the instability of the US economy, and the push from the US presidential election, Bitcoin may reach six figures earlier than expected. Hougan emphasized the growing support of cryptocurrencies by Republicans and the inflation concerns that are driving investors towards Bitcoin. With clear regulations and the supply limitations brought by Bitcoin halving, he predicts a rapid surge in Bitcoin prices. (Bitcoin.com)
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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