Bitwise CIO: BTC has three unstoppable sources of demand, including ETFs and MicroStrategy

avatar
ODAILY
12-19
This article is machine translated
Show original
Odaily reports that since the US presidential election, Bitcoin has risen 55%, and has surpassed 140% so far this year. Bitwise Asset Management's Chief Investment Officer Matt Hougan pointed out three "unstoppable" sources of demand for Bitcoin: ETFs, Microstrategy, and the government itself potentially becoming a Bitcoin buyer. He added: "It ultimately comes down to supply and demand. Demand is too high, supply is insufficient, so I think the price will be higher in 2025." Wall Street is becoming increasingly optimistic about cryptocurrencies, especially with the prospect of Trump's second term. Standard Chartered Bank had accurately predicted that Bitcoin would rise to $100,000 this year, and now also predicts that Bitcoin will reach $200,000 by the end of 2025, while other bullish forecasts believe the token's price will rise to as high as $500,000. (Jinshi)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments