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iode
@iode
Bitwise CIO Matt Hougan claimed in a recent X post that Bitcoin's bullish thesis for trading beyond $100,000 has further strengthened in recent weeks. According to Hougan, a mix of institutional, macroeconomic, and on-chain variables will cause Bitcoin, the only trillion-dollar asset in cryptocurrency, to eventually surpass six figures per coin. The total net flows of U.S. spot Bitcoin exchange-traded funds exceeded $20 billion, according to exchange-traded fund analyst Eric Balchunas. After $1.5 billion in inflows this week, the American Bitcoin ETF complex now has over $65 billion in assets under management.
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