Factors That Could Propel Bitcoin To $100,000

According to Foresight News, Bitwise Chief Investment Officer Matt Hougan has outlined seven factors that could potentially drive Bitcoin to reach $100,000. These factors include the reacceleration of ETF flows, the approaching U.S. presidential election, bipartisan agreement on unlimited deficits in the United States, economic stimulus measures in China, global interest rate cuts by the Federal Reserve and the European Central Bank, the impact of Bitcoin's supply halving becoming evident, and accumulation by large holders, commonly referred to as 'whales.'