Bitwise Chief Investment Officer predicts Bitcoin will surpass $100,000 by early 2025

bit by bit chief investment officer matt hogan on Wednesday, expressed optimism about Bitcoin's BTC/USD In the future, we predict that it may exceed the $100,000 level by 2025.

what happened: In an interview with Yahoo Finance, Hogan cited increased adoption by institutional investors and increased ETF flows as the main drivers. “We're going to take Bitcoin to six digits,” Hogan said, adding, “Cryptocurrency has gone from niche to mainstream. 60% of the largest hedge funds are allocated to it. .”

Hogan emphasized that regulatory clarity is becoming less of an obstacle for Bitcoin compared to other digital assets where there is greater regulatory uncertainty.

“Bitcoin’s regulatory burden is much lighter than Ethereum or other assets. The SEC and CFTC have already declared it a commodity,” he said.

He emphasized the importance of institutions such as: black rock He believes accepting Bitcoin shows that the asset is accepted in the mainstream economy.

The Bitcoin ETF market has recently seen massive inflows of $800 million in a single day, highlighting the “tsunami” of institutional capital flowing into cryptocurrencies.

Hogan suggested the influx reflects a broader shift among investors who see Bitcoin as a hedge against inflation and currency devaluation.

Also read: Satoshi Nakamoto could soon be overtaken as top Bitcoin holder by BlackRock, Grayscale

“Bitcoin is ultimately a relief valve from a government with $36 trillion in debt,” he said, predicting further gains as the U.S. continues its fiscal expansion.

Looking ahead, Hogan emphasized that while the US presidential election could impact short-term sentiment, Bitcoin's long-term trajectory remains bullish regardless of the outcome.

“I think we'll see a new all-time high this year,” he said, predicting that the involvement of institutional investors and fixed supply will continue to push prices higher.

As the Benzinga Future of Digital Assets Conference approaches on November 19th, discussions around institutional adoption, regulation, and the growing role of Bitcoin in portfolios will be front and center.

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