Bitcoin broke through the $68,000 mark to reach $68,422 on the 16th of this week, and then started to gain momentum again last (18th) night, breaking through the $68,500 mark, and once reaching over $69,000 before slightly retreating, showing a strong momentum to surge to $70,000.
Bitwise CEO: 7 Key Factors Driving Bit Bitcoin to $100,000
Against this backdrop, Bitwise CEO Matt Hougan tweeted yesterday (18th) that he expects 7 key factors to drive Bit Bitcoin to the $100,000 target:
We are heading towards 6-digit Bit Bitcoin:
. ETF capital inflows accelerating again;
. The US election is coming up;
. The US's unlimited deficit policy (bipartisan);
. China's epic easing;
. Global central bank rate cuts (Fed, ECB);
. The Bit Bitcoin halving effect is starting to emerge;
. Whales are hoarding.
Wall Street Capital Will Eventually Flow to Bit Bitcoin
In addition, Anthony Pompliano, founder and CEO of Professional Capital Management, recently said in an interview with Fox Business News that Wall Street is still thinking too complexly about Bit Bitcoin, and they will eventually bow to Bit Bitcoin, allowing massive capital to flow into BTC:
Wall Street is completely overthinking the Bit Bitcoin opportunity.
They like complexity, but Bit Bitcoin is simple.
Wall Street will eventually capitulate and significant capital will flow to the asset.
Wall Street is completely overthinking the bitcoin opportunity.
They like complexity, but bitcoin is simple.
Wall Street will eventually capitulate and significant capital will flow to the asset.
Here is my segment from my recent @TheBigMoneyShow segment. pic.twitter.com/HoQgZ50d7X
— Anthony Pompliano
(@APompliano) October 18, 2024
