Quick Facts:
1️⃣ Matt Hougan claims Bitcoin ETF inflows will be strong in Q4, which could indicate a bullish rally soon.
2️⃣ Bitcoin will one of the biggest winners of the ETF race and slow-but-steady dollar weakening, turning into a true ‘debasement trade’ alongside gold.
3️⃣ Some of the best cryptos to buy now are Bitcoin Hyper ($HYPER) and Snorter Token ($SNORT), as their utility is a powerful attract point during the current rally.
After hitting a new all-time high of $126.2K on October 6, Bitcoin is now consolidating around this breakout level.
Experts now believe that an aggressive Q4 rally could push $BTC to even newer highs. The best part? There are several reasons supporting this claim.
For starters, gold’s eye-watering 21% rally in the last 35 days has sparked conversations around ‘The Debasement Trade.’
According to Matt Hougan, Bitwise’s Chief Investment Officer (CIO), Bitcoin could be one of the biggest beneficiaries of this ongoing shift.
For context, the debasement strategy comes into play when market participants believe fiat currencies are losing value due to aggressive money printing and large government deficits.
The U.S. money supply has increased 44% since 2020, meaning there’s more cash in circulation now than five years ago, which naturally reduces its value.
The obvious solution for investors is to shift toward scarce assets like gold or Bitcoin, which also explains why both are sitting at ATHs today.
Keep reading as we uncover more macro factors driving Bitcoin’s next growth cycle. And to ensure you take home some actionable insights, we’ll also highlight three tokens that could be the next cryptos to explode.
Why Bitcoin Still Has Plenty of Room to Run
Of course, with a new ATH, many market participants are wondering whether $BTC has peaked and entered o
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Author: Krishi Chowdhary