Bitcoin Breaks Record High, Altcoin Prices Remain Flat: Analyst Explores Market Drivers

Bitcoin has surged past $111,000, setting a new all-time high. Matt Hougan, Investment Director at Bitwise Asset Management, sheds light on the driving forces behind this historic rise, suggesting it is just the beginning of a long-term trajectory upward. 📈 Hougan points to two key factors: increasing institutional interest in Bitcoin and the indirect support from US government policies.