“Massive Tidal Wave Of Cash” To Send Bitcoin (BTC) Price On Huge Rally, Predicts Trading Firm CIO

Cryptocurrency markets are brimming with optimism this week as Bitcoin and major altcoins stage recoveries from the recent bear market. Matt Hougan, Bitwise Asset Management’s Chief Investment Officer, added to the enthusiasm in a recent interview predicting Bitcoin will surge to fresh all-time highs.


  • itwise CIO Matt Hougan predicts Bitcoin will hit a new all-time high amid an ongoing crypto market rally
  • Key drivers include anticipation of a Bitcoin Spot ETF, lower interest rates, and unprecedented institutional investment
  • Hougan believes the influx of “big money” from major financial players will fuel further major BTC price growth
  • He asserts the crypto winter has ended, giving way to a “crypto spring” multi-year bull run
  • Mainstream crypto adoption is accelerating with reputable institutions like Fidelity and BlackRock getting involved

Hougan began by contextualizing the ongoing crypto rally alongside macro market trends. He correlated simultaneous upticks in both crypto and gold to investors pivoting toward inflation-resistant assets amid economic uncertainty.

In particular, falling interest rates and expected Federal Reserve cuts also make Bitcoin’s deflationary design more compelling. The convergence of these catalysts explains the accelerating inflows into digital currencies, says Hougan.

But the Bitwise executive also highlighted several crypto-specific drivers fueling the bullish momentum. For one, hype is snowballing around a possible Bitcoin Spot ETF finally getting regulatory approval this year. An ETF would allow mainstream stock investors seamless exposure to BTC price action.

Additionally, Hougan attributes surging institutional investment pouring into cryptocurrencies at an unprecedented pace. As major financial powerhouses like BlackRock actively engage across the asset class, the stage is set for even greater growth.

This influx of “big money” leads Hougan to emphatically declare that new all-time highs are imminent for Bitcoin. He contends the dynamics now differ radically from past retail trader-led rallies. With reputable institutions legitimizing crypto assets, he sees a sustained multi-year boom ahead.

Hougan goes so far as to proclaim winter has ended for cryptocurrencies – the crypto spring has sprung. Whereas previous discourse centered on sordid characters like Sam Bankman-Fried, the conversation now highlights financial giants like Fidelity offering crypto services.

Expanded mainstream adoption alongside major price appreciation appears in sight. Of course, Hougan caveats that intermittent volatility should be expected. But Bitcoin’s long-term trajectory points decisively upward in his perspective.

If his vision manifests over the next six months to a year, early crypto investors may once again have the last laugh. The segments of Wall Street slowly capitulating on blockchain technology seem to indicate the Bitwise executive may be onto something.

Crypto recovering from its winter to flourish this spring would further cement cryptocurrencies as a juggernaut innovation.

The post “Massive Tidal Wave Of Cash” To Send Bitcoin (BTC) Price On Huge Rally, Predicts Trading Firm CIO appeared first on Blockonomi.

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