Matt Hougan, chief investment officer at crypto asset manager Bitwise, outlined five key tailwinds for the crypto industry that, despite current headwinds, could see bitcoin’s price reach $100,000 by the end of the year.

Bitcoin is currently down 21% from its latest all-time high of $73,836 set on March 14, partly amid concerns surrounding Mt. Gox distributions and the German government's sales of seized bitcoin.

Defunct exchange Mt. Gox finally began sending bitcoin back to its creditors on July 5 as part of plans to distribute around $8 billion worth of the cryptocurrency over the next few months. While the trustee has already sent 47,229 bitcoins (worth approximately $2.7 billion) to Bitbank and SBI VC Trade, he still has 94,771 bitcoins (about $5.4 billion) remaining to be …