{"id":140612,"date":"2024-10-26T09:00:51","date_gmt":"2024-10-26T06:00:51","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140612"},"modified":"2024-10-25T19:13:10","modified_gmt":"2024-10-25T16:13:10","slug":"bitcoin-set-for-100000-rally-amid-strong-institutional-demand-and-economic-trends","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-set-for-100000-rally-amid-strong-institutional-demand-and-economic-trends\/","title":{"rendered":"Bitcoin Set for $100,000 Rally Amid Strong Institutional Demand and Economic Trends"},"content":{"rendered":"<p>Among them is Matt Hougan, Bitwise\u2019s chief investment officer, who <strong><a href=\"https:\/\/x.com\/Matt_Hougan\/status\/1847275486495539398\" target=\"_blank\">sees<\/a> <\/strong>strong evidence for <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin&#8217;s<\/a> <\/strong>rise past six figures.<\/p>\n<p>One of the main drivers of this optimism is the inflow into spot Bitcoin ETFs, which have attracted an impressive $2.11 billion since October. Launched in early 2024, these ETFs now hold over $60 billion in assets, showcasing a surge in institutional interest. This demand is a key factor supporting Bitcoin\u2019s recent price momentum, as big investors increasingly back the cryptocurrency.<\/p>\n<p>Macroeconomic factors also play a significant role. Hougan points to the upcoming U.S. presidential election, where both prominent candidates hold crypto-friendly positions. Donald Trump has publicly backed Bitcoin, while Kamala Harris has signaled a regulatory approach that could encourage crypto growth in the U.S. Additionally, the national debt has reached unprecedented levels, now totaling $35.8 trillion, leading to a weakened dollar and making Bitcoin and other scarce assets more attractive as hedges against currency devaluation.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-whale-holdings-hit-record-high-sparking-market-optimism\/\" title=\"Bitcoin Whale Holdings Hit Record High, Sparking Market Optimism\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-whales-15-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin Whale Holdings Hit Record High, Sparking Market Optimism<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>In a striking figure, daily interest expenses on the U.S. public debt have surpassed $3 billion, putting pressure on the Federal Reserve to keep rates low, which can fuel inflation and bolster Bitcoin\u2019s appeal as a scarce asset. Recent economic measures from China are also contributing to the momentum, adding further liquidity that could push Bitcoin closer to the $100,000 mark.<\/p>\n<p>Historically, Bitcoin&#8217;s value has risen alongside global liquidity, and current indicators suggest a similar trend. According to CryptoQuant, large holders have accumulated about 1.6 million BTC in the past six months, leading to a &#8220;supply shock&#8221; as available supply dwindles in the face of institutional demand. This combination of heightened demand, supportive economic shifts, and increasing scarcity paints a promising picture for Bitcoin\u2019s potential ascent to new highs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>High price targets for Bitcoin are common in the crypto world, yet a growing number of analysts and investors now see $100,000 as achievable within the next year.<\/p>\n","protected":false},"author":9,"featured_media":132468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-140612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Set for $100,000 Rally Amid Strong Institutional Demand and 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