Matt Hougan from Bitwise: The Year-End Price of Bitcoin and Ethereum Will Be Very Different!

Matt Hougan, chief investment officer of crypto asset manager Bitwise, made a year-end forecast for Bitcoin (BTC).

Bitwise CIO Matt Hougan said in a recent statement that Bitcoin could reach $100,000 by the end of the year.

Stating that the price remains strong despite the current sales pressures and negativities, the CIO appreciated Ethereum in a similar way.

He pointed to a new all-time high (ATH) for Ethereum by the end of 2024, as well as a $100,000 target for Bitcoin.

Hougan stated that these negative winds were one-time sales and caused liquidity clearings along with the lack of volume experienced in the summer season. CIO noted that ETFs, changing political attitudes and the possibility of a Fed interest rate cut give hope for the future of cryptocurrencies.

Anthony Scaramucci, CEO of global investment company Skybridge Capital, recently made a similar statement, stating that Bitcoin could exceed 100 thousand dollars by the end of 2024.