ETFs: Crypto's Path to ATHs in 2024 | Matt Hougan

Bullish:

• $BTC - Expecting Bitcoin to reach and surpass $100,000 this year, especially as the election approaches.

  • “I think Bitcoin could be north of a $100,000 this year.”

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  • “I think as we get closer to the election, we're gonna push through that level. And then I think it's fairly clear sailing up to about a 100 k...”

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• $ETH - Anticipating significant inflows and ETF performance to push Ethereum to all-time highs.

  • “We're going to push it up to all time highs and exhaust the sellers there and then be above that.”

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  • “I expect $15,000,000,000 of inflows in the 1st 18 months. I think that could be too cautious.”

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  • “If we get, you know, $5,000,000,000 of ETF flows this year, we're going to push it up to all time highs and exhaust the sellers there and then be above that.”

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  • “I think there are probably 2 important things about that. The first is that we did exceed expectations. The new ETFs have pulled in $1,000,000,000 in net flows in a single week.”

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