Matt Hougan, Chief Investment Officer at Bitwise, predicts that Bitcoin (BTC) will reach 200,000 US dollars by the tip of 2025 on account of an increased institutional demand.
In an interview with CoinTelegraph at Consensus 2025 in Toronto, the manager said that Bitcoin price forecast from Bitwise was only driven by offer and demand measurements. Hougan placed on the precise figures that drive the forecast:
“We know that the miners will produce 165,000 BTC this yr. Already traded corporations have bought greater than that. ETFs are within the event of tributaries of 6 billion US dollars. We consider that governments will buy. We see the sort of structural differences between demand and provide.”
“I feel the sellers will exhaust the sellers at 100,000 US dollars by which we’re stuck, and I feel the following stop point about it’s $ 200,000,” said the managing director. Bitwise is certainly one of the issuers of Bitcoin Exchange Traded Funds (ETFs) on the US markets, whereby almost $ 4 billion is managed by Bitwise Bitcoin ETF (BITB) by May 14th.
Eleanor Terrett, Ben Gagnon, Matt Hougan and Tom Lee at Consensus 2025. Source: CoinTelegraph
This institutional demand has also strengthened the market by liquidity and doubtless affected the four-year Bitcoin thermalization cycle with considerable wear of as much as 90% between the cycles, “flooding of the past,” said Hougan.
Michael Saylor's strategy alone change the markets
One of crucial corporate players who control Bitcoin demand is the strategy. The company has developed the BTC reserves strategy and, in response to Saylortracker, currently has 568,840 BTC in its corporate treasury.
The writer and Bitcoin -Analyst Adam Livingston recently said that the strategy was “Synthetically halved Bitcoin” by exceeding the newly shown offer.
Livingston added that the strategy has gathered 379,800 BTC up to now six months and that the Bitcoin credit markets will probably check if it continues the short accumulation pace.
“The global capital costs of BTC aren’t any longer determined by the market. The gravitational policy of the primary Bitcoin superpower is decided: strategy,” wrote Livingston.
The impact of the strategy on the offer of Bitcoin is pronounced that the market analyst Ki Young Ju says that Bitcoin's offer is now deflationary with an annual deflation rate of -2.33%.
The increased demand has led to some analysts forecast a Bitcoin price of $ 1 million in the approaching decade.
However, the analyst and investor Arthur Hayes recently predicted that BTC would achieve 1 million US dollars in three years. Hayes argued that a deteriorating macroeconomic environment and liquidity, which was introduced by central banks, will further increase prices.
This article doesn’t contain investment advice or recommendations. Every investment and trade movement is the chance, and readers should perform their very own research results in the event that they make a call.
