Matt Hougan, chief investment officer at asset management firm Bitwise, said that bitcoin could reach six figures earlier than expected, driven by large institutional inflows into bitcoin exchange-traded funds (ETFs), the unstable U.S. economy, and the U.S. presidential election. Matt Hougan highlighted the growing Republican support for cryptocurrencies and the fact that inflation concerns are driving investors to turn to bitcoin, among other factors. With regulatory clarity and supply constraints brought about by the bitcoin halving, he predicts the price of bitcoin will soar rapidly. (Bitcoin.com)