The bullish experts slowly came back as if nothing had happened.
Bitwise CIO: Bitcoin may be pushed to $100,000 by the end of the year, and ETH will also hit a record high
On July 10, Bitwise CIO Matt Hougan said that all the current selling pressure adverse factors are one-time sales, causing a short-term liquidity shock, and the seasonal period of low liquidity in cryptocurrencies is coming to an end. In contrast, the inflow of spot Bitcoin ETFs, Bitcoin halving, the change in political attitudes of spot Ethereum ETFs, and the prospect of interest rate cuts by the Federal Reserve have created a better long-term environment for cryptocurrencies. Coupled with the strong growth of the stablecoin market, Layer 2 development, and the increasing participation of institutions such as BlackRock in the field, the right combination of developments in the second half of the year may easily push Bitcoin to $100,000 and push ETH to a record high.