Analysis: It’s only a matter of time before Bitcoin reaches $100,000, and then real FOMO will come

Odaily Planet Daily Report: Douro Labs CEO Michael Cahill said, "It's just a matter of time before Bitcoin reaches $100,000. In my view, this could happen as early as the first quarter of 2025. Given the current macroeconomic environment that is favorable to digital assets, we are seeing unprecedented momentum." In addition, Nascent Portfolio Strategist Matt Klein predicted, "Bitcoin will reach $100,000 at the latest before Trump's inauguration. The only question is whether the Lummis bill is worth serious consideration. If the Lummis bill becomes law, there will be no limit to the uptrend." According to Cahill, the post-election rebound is not just FOMO, and the current price is not just speculative driven by retail investors as in 2017, "The market has finally recognized Bit as a legitimate asset, a tool to hedge against inflationary pressures, and we are now seeing a structural shift in investors' view of Bit. The foundation for a six-figure price has already begun, and this rebound could consolidate Bit's position as the cornerstone of the global financial system." Bitwise CIO Matt Hougan said Bit could "easily" reach $100,000 by the end of the year, "Everyone is focused on new entrants buying Bit. This is very real, but another reason for this rebound is that people have stopped selling. Long-term holders are no longer willing to sell Bit for less than $100,000, and short-sellers don't want to go against the big trend." Tides.Network CEO Chandra Duggirala said Bit could easily reach $100,000 before Thanksgiving, but there are risks in the short term, "We haven't seen wealth managers show strong FOMO, and retail investors have just started paying attention. So this trend is still in its early stages. We believe that once it exceeds $100,000, true FOMO will come."