Bitwise CIO: Bitcoin Could Top $100,000 Sooner Than Expected
On October 20, Matt Hougan, chief investment officer at asset management firm Bitwise, said that bitcoin could reach six figures sooner than expected, driven by a large inflow of institutional money into bitcoin exchange-traded funds (ETFs), an unstable U.S. economy, and the U.S. presidential election.
Matt Hougan emphasized factors such as growing Republican support for cryptocurrencies and the fact that inflation fears are driving investors to Bitcoin. With regulatory clarity and supply constraints brought about by the halving of Bitcoin, he predicts a rapid spike in the price of Bitcoin. (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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