Bitwise Chief Investment Officer Matt Hougan points to growing institutional concern over fiat currency debasement and robust inflows into Bitcoin ETFs as key drivers behind Bitcoin’s surge to new all-time highs.
What Happened: In a CoinDesk interview on Tuesday, Hougan said he expects ETF inflows could reach $10–$20 billion in Q4 alone.
Hougan also reaffirmed his year-end target of $200,000 for Bitcoin (CRYPTO: BTC), contingent on continued ETF activity and adoption by corporate or government entities.
While Bitcoin remains a primary market driver, he noted that other assets, such as Ethereum (CRYPTO: ETH), …