Adrian Fritz, CIO of global ETP issuer 21Shares, predicted that Bitcoin spot ETFs have absorbed $2 billion this year alone, forming structural buying pressure, and if the macroeconomic environment supports it, Bitcoin could surpass $100,000 by the end of the year. CIO Fritz noted that Bitcoin's daily trading volume exceeds $50 billion, demonstrating stable liquidity comparable to that of large technology stocks. He analyzed that the inclusion of Bitcoin in portfolios by major asset management firms, including Morgan Stanley, has become a decisive turning point. He cited inflation indicators and oil price trends as key variables for breaking through $80,000, and technically diagnosed that a full-scale upward rally would begin if the 200-day moving average of $85,000 is reclaimed. Meanwhile, regarding the altcoin market, he predicted that "it will be reorganized around projects that generate real profits and cash flow, rather than an indiscriminate rise like in the past."
