Bitcoin’s drop below $100,000 sparks fears of another crypto winter. Despite retail investor desperation, Bitwise’s Matt Hougan sees potential for a price bottom soon. Wall Street support and growth in crypto ETFs may lead to a new bitcoin record high before year-end.

Crypto ETF launches changing investor landscape. Hougan anticipates continued financial advisor support for crypto, viewing the current dip as an opportunity for clients. Bitwise’s Solana staking ETF saw $400+ million in flows in its first week, despite recent losses.

Strategy CEO predicts bitcoin at $150,000 by year-end, amid recent bullish calls. Hougan believes a new all-time high for bitcoin is possible, near $125,000 to $130,000. Institutional investors may drive market growth, with retail sentiment nearing a potential turnaround.

Read more at CNBC

1. “Tesla shares surge after company announces record profits in the second quarter, beating Wall Street expectations.”
2. “Apple unveils new iPhone with upgraded camera and faster processor at highly anticipated event.”
3. “Federal Reserve raises interest rates for the first time since 2018, citing concerns over inflation.”
4. “Amazon faces backlash as workers in several states go on strike over working conditions and pay.”: Bitcoin retail buyer at ‘max desperation,’ but no crypto winter: Bitwise CIO