Bitwise CEO Matt Hougan said that, driven by seven positive factors, we will soon see Bitcoin reach $100,000.
(Bitcoin “Exchange Reserve” Hits New Low, Is the Bullish Signal Reliable? — Background Information)
(Bitcoin Holds Firm at $66,600, Where is the Resistance? TSMC ADR Surges 10%, American Chip Stocks Celebrate — Supplementary Background)
After breaking through the $68,000 mark and reaching $68,422 on the 16th of this week, Bitcoin once again gained momentum last night. It surpassed the $68,500 milestone and briefly exceeded $69,000 before experiencing a slight pullback, indicating the potential to surge to $70,000.
Bitcoin’s trend. Source: OKX
Bitwise CEO: 7 Factors Driving Bitcoin to $100,000
Given this background, Bitwise CEO Matt Hougan tweeted on the 18th, stating that he expects seven major factors to drive Bitcoin towards the $100,000 target:
Wall Street funds will eventually flow into Bitcoin
Additionally, Anthony Pompliano, founder and CEO of Professional Capital Management, recently stated in an interview with Fox Business News that Wall Street’s thinking about Bitcoin is still too complicated. Ultimately, they will bow down to Bitcoin and see an influx of massive funds into BTC.
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