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 that if the macroeconomic environment supports it, a breakthrough to $100,000 by year-end is possible. CIO Fritz noted that Bitcoin's daily trading volume exceeds $50 billion, demonstrating stable liquidity comparable to major tech stocks. He particularly analyzed that the inclusion of Bitcoin in portfolios by giant asset managers, 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 bull rally would begin if Bitcoin reclaims the 200-day moving average of $85,000. Meanwhile, regarding the altcoin market, he predicted that it "will be reorganized around projects that generate real profits and cash flow, rather than indiscriminate surges like in the past."
