He also highlighted that Ethereum’s success following the launch of its ETF will determine the pace at which new crypto ETF filings like Solana ETFs will emerge. Furthermore, Melker pointed out that the upcoming Bitcoin conference, the expansion of tokenization and Real World Assets (RWAs) and the evolutionary innovative changes in stablecoins are significant drivers behind Bitcoin’s bullish surge. Melker also noted that if Trump wins the US presidential elections and delivers on his promises, it could ease the United States Securities and Exchange Commission’s (SEC) anti-crypto stance and aggressive enforcement tactics on the industry.
The analyst has shared several factors that could propel Bitcoin to this lofty price target. Bitcoin To Hit $100,000 In 2024 On July 19, crypto analyst Scott Melker, also known as "The Wolf Of All Streets” on X (formerly Twitter), informed his 958,300 followers that he was extremely bullish on Bitcoin’s potential for a future price increase.
During his post, Melker urged crypto community members to "think bigger,” possibly suggesting that investors should stay bullish and expect more from Bitcoin in the bull market. Biggest Factors Driving Bitcoin’s Bullish Surge While forecasting Bitcoin’s surge to $100,000 before the year’s end, Melker compiled a long list of some of the biggest factors that could propel Bitcoin higher.
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