Bitwise CIO: Bitcoin may break $100,000 sooner than expected

BlockBeats news, on October 20, Matt Hougan, chief investment officer of asset management company Bitwise, said that Bitcoin may reach six figures earlier than expected, driven by the massive influx of institutional funds into Bitcoin exchange-traded funds (ETFs), the instability of the U.S. economy, and the U.S. presidential election.

Matt Hougan emphasized the growing support of the Republican Party for cryptocurrencies and the inflation concerns that are driving investors to turn to Bitcoin. With clear regulations and supply restrictions brought about by Bitcoin halving, he predicts that Bitcoin prices will soar rapidly. (Bitcoin.com)