Bitcoin Heading to Six Figures As BTC ETF Net Inflows Accelerate to $20,000,000,000: Bitwise CIO Matt Hougan

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Bitwise chief investment officer Matt Hougan is unveiling the catalysts that he believes will push Bitcoin (BTC) to $100,000 and beyond.

Hougan says on the social media platform X that macroeconomic conditions and on-chain data appear to be suggesting that Bitcoin is poised to spark huge rallies.

According to the Bitwise executive, major central banks are adopting loose monetary policies as Bitcoin supply dwindles following this year’s halving event when BTC miner rewards were slashed in half.

“We’re heading to six-figure Bitcoin.

* ETF flows reaccelerating* Election approaching* Infinite deficits (bipartisan agreement!)* Economic stimulus in China* Global rate cuts (Fed, ECB)* Halving supply shock starting to bite* Whales accumulating.” 

Hougan also highlights Bitwise’s data on Bitcoin exchange-traded funds (ETFs), showing that inflows have exceeded $20 billion just this year. The chart reveals that BTC ETFs have massively outperformed their gold counterparts in terms of inflows during th…