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.

In addition to the $100,000 target for Bitcoin, he also pointed to a new all-time high (ATH) for Ethereum by the end of 2024.

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 an interest rate cut by the Fed give hope for the future of cryptocurrencies.

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