Bitwise CIO Predicts Six-Figure Bitcoin is Inevitable and Here Is Why

Quick Summary:

He said the cryptocurrency was due for a significant rally that would drive the token price well into six-figure territory due to several factors.  Comments reflected a broader optimism over digital assets after institutional investors continued to show confidence in Bitcoin’s potential.

Recently, Bitwise CIO Matt Hougan expressed optimism about Bitcoin.

Further strengthening this bullish outlook, Bloomberg’s Senior ETF Analyst, Eric Balchunas, noted the rapid growth of Bitcoin ETFs in the U.S.

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Article Details

Author / Journalist: Teuta

Category: Crypto

Markets: IndiaCroatia

Topics: Bitcoin Bitwise Bitcoin News Bitcoin (BTC) Price 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-19 @ 12:54:27 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 571 words

Reading Time: 4 minutes read

Sentences: 36 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23126829

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Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 11 hours ago

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