Bitwise CIO Predicts Bitcoin Surge to $100,000 Despite Current Price Dip

Bitcoin could reach $100,000 by the end of the year, according to Bitwise’s Chief Investment Officer Matt Hougan. Despite bitcoin currently trading under $60,000 at $57,800, Hougan sees significant potential for long-term investors.

Market Pullback a Gift for Investors, Claims Bitwise CIO

Bitcoin’s recent market pullback presents a unique opportunity for long-term investors, says Matt Hougan, the Chief Investment Officer of Bitwise. In a recent note, Hougan highlighted several key factors that could drive the cryptocurrency’s value to $100,000 by year-end. These factors include extraordinary inflows into spot bitcoin exchange-traded products (ETPs), the impact of the recent bitcoin halving, and an anticipated listing of spot ethereum ETPs by the Securities and Exchange Commission (SEC).

Hougan noted that since their launch, spot bitcoin ETPs have amassed $15 billion in net new assets, and he expects this number to grow significantly once these ETPs are approved for use by major wealth management platforms like Morgan Stanley and Wells Fargo. He also pointed out that the recent bitcoin halving, which reduced the new supply of bitcoin by 50%, has historically led to significant price increases in the subsequent year. Additionally, the expected approval of spot ethereum ETPs could attract substantial investments, further boosting the market.

However, the current price of bitcoin remains suppressed due to several short-term liquidity shocks, according to Hougan. He cited the distribution of over $8 billion in bitcoin by Mt Gox to its creditors, the potential sale of $12 billion in bitcoin by the U.S. government from its Silk Road seizures, and the German government’s bitcoin sales from past seizures. Despite these pressures, Hougan remains optimistic, emphasizing that these are one-off events that will eventually pass, allowing the underlying positive trends to drive the market upwards.

Hougan believes that the combination of favorable regulatory changes, institutional adoption, and the intrinsic benefits of bitcoin will overcome the current market headwinds. He advises long-term investors to view the present market conditions as a strategic entry point, reinforcing his conviction that bitcoin’s long-term prospects remain exceptionally strong.

Source: https://news.bitcoin.com/bitwise-cio-predicts-bitcoin-surge-to-100000-despite-current-price-dip/

Vague excuse for their unreasonably high initial price on  COLDCARD Q1 which fails to come into sharp focus as they wanted to be. I think the price for this clumsy device will gradually succumb to the the level o $150 or even less. Probably they need to hire a man like Jony Ive to do the  design work and make their products iconic in HW domain.

no it has something to do with it, without buying and selling Bitcoin won't have any value at all.
they are searching for a way to control the Blockchain and make a 3rd party that maintain the transition for each Bitcoin.
it will take them years but eventually they will do, as I heard once the last Bitcoin been mined it will be much easier to take control of the Blockchain and if this is true then we are close, 92% of the Bitcoins been mined according to Coingeko.

I am not gonna go over the God thing but it will eventually, have you ever wonder why the deep web sites start to accept Monero and ditch Bitcoin? because Bitcoin on it way to the centralization, that's also why you won't find any trading exchange that accept Monero.



I agree on that, but let me ask you something, why did Bitcoin jumped from being worth 0.01 Dollar to 60000 Dollar in 14 year?!
because billionaires bought it which is weird, when Bitcoin started the entire world was looking for Satoshi and they did there best to stop and ban Bitcoin.
now if those billionaires sold there Bitcoins what will happen? it will be less than 2000 Dollar.
either the bill of the ban for any decentralized exchange platform or even wallet pass or those billionaires will dump Bitcoin back to 20000 or even less.



yes but they can ban any decentralized exchange platform or even wallet





They can't control the blockchain but they can ban any decentralized exchange platform or even wallet, the future decentralized crypto currency is Monero, and the more you look to it the more you sense Satoshi's finger prints on it.
also I don't know any of this I just read it, you have to do your own research if you want to put all of your wealth on one coin.

What I saw there is too good to be true, no where in the world has the government taking their attention away from complete surveillance from citizens transactions. This is politicians just been desperate to capture power and as opportunists they just know the right trending attraction  to use under the right circumstance.

I am not an American citizen either, but I do have the guts that the Republican under Trump have greater positive intent for crypto than any other party right now, it's possible that they can grant right to citizen to self custody of asset but what am not very convinced about is that, if they will be willing to grant that free surveillance and regulation of transactions without including hiding clauses should they eventually capture state power. Politicians are never straightforward with words.

Bitcoin/crypto isn't popular as a payment method for freelancing services. Do you know about any big and popular freelancing platform that are accepting cryptocurrency payments? Upwork? Fiverr? Freelancer.com? All of those platforms accept fiat payments and no crypto.
Maybe there are some obscure crypto freelance platforms that accept crypto payments, but they are insignificant in comparison to the big players of the freelance world. The only crypto freelance platform I know about is Latium.org but they are more like a micro-task website and they have their own coin. 

It is very rational and I think the direction and impact in such a situation is to reduce stress and make more rational decisions. Yes, I like your thoughts above and this is also often considered deadlocked, going back and forth. However, if they are used to it and the investors are experienced, it is not a difficult and easy thing for them to handle.

Whether there is or not, but in my opinion, several stages of the plan have been prepared for various situations and conditions not to lose potential profits if the price of Bitcoin rises after the sale because I believe they also account for the same thing, namely always Monitor the Market Periodically, especially at a time like now where the potential for BTC to drop to the price of 50K is still very potential. Let's see what will happen in the next 4 days.

Depend every person viewed talking about dollar as good and bitcoin bad based on their mind, when asking this question for the bitcoin holder or investor most of them no doubt answering about bitcoin is better investment or payment transaction way than dollar although have underlying and become the most popular fiat currency transaction payment.
Just bit weakness side of bitcoin not only legal payment transaction currency but fiat have adopted for longer time as global payment transaction and back up by most influential country United State.

In my opinion, bitcoin better than fiat on every function such as investment assets or adopting as payment transaction currency get faster or not limited amount for sending bitcoin when making huge transaction around the world. Payment trough bitcoin just take few moment awhile and ability for sending huge amount than dollar seems difficult with large amount transaction and take time exactly with country dollar not as their primary fiat.

It's always better to be transparent, but some laypeople who go into freelancers certainly don't choose assets that are risky enough because they don't understand how Bitcoin or crypto works.

But of course, the payment options of PayPal and Bitcoin or crypto will be optional options and adjusted to their interests.

and about privacy, this is a bit of a conversation because some companies certainly need their KYC as a freelancer so they know what their profile is and the skills they are good at.

But some companies that need freelancers also don't need any details, and the most important thing is the results of their work.

Lol, I said "Sometimes" it's "hard" to predict which is not the same as you say "impossible" as both have literally different meaning.
If you just wanted to know what strategy I am gonna follow, you could have asked it directly instead of playing the psychology game.

Coming to the reversal, there are two support levels which are $52k followed by $46k.
Currently BTC price is getting consolidated and if price reversal happens then we can take an entry once BTC crosses $62k.
If BTC drops further we can expect a reversal at support levels and take an entry once bounce back of 10% happens.

So this is my strategy that I have thought of. I may be wrong but this is what I will follow.
Trading is tough and we often lose money but for the time being, I will keep trying.

You don't need to tell your client, for example, about the sensation, but you just need to convey that investing in BTC must be long-term and also remind him about things that are considered specific, for example the timing when he will buy, because if that is not conveyed, he will definitely blame you for the recommendation. what is given is considered misleading and detrimental to him.

Maybe along the way, not everything is as desired, but at least there are many positive points that come to your client's mind. Moreover, he came and believed in the great potential behind the technology in BTC, which in itself will increase the value of trust that investing in BTC will not be in vain in the end.