In a recent interview, the Bitwise CIO spilled the beans on a bullish scenario for Bitcoin, driven by tightening supply and intensifying institutional demand.
According to Hougan, the amount of Bitcoin held on exchanges is at its lowest in years, suggesting that selling pressure has significantly diminished. Meanwhile, inflows from ETFs, corporations, and even governments are accelerating, adding fuel to the upward momentum.
Hougan pointed out that this imbalance—shrinking supply alongside growing demand—is unfolding at a time when confidence in fiat currencies is eroding. He views this as a potent mix capable of triggering a major rally heading into the final quarter of 2025. The trend, he argues, reflects a broader shift in how investors and institutions view Bitcoin—as a reliable store of value rather than a speculative asset.
Looking beyond this year, Hougan envisions Bitcoin’s market cap eventually reaching parity with gold. Bitwise had previously estimated this milestone at a price of around $800,000 per Bitcoin, but with gold’s continued climb, that figure may now be closer to $1.2 million. He sees this level as a realistic long-term target if Bitcoin continues its historical pattern of cyclical growth through the rest of the decade.
While acknowledging that variables like regulation, macroeconomic conditions, and adoption rates could influence the outcome, Hougan maintains that the trajectory is clear: Bitcoin is steadily gaining credibility as digital gold, and its path toward broader institutional acceptance appears to be accelerating. 🚀🌕
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2025-07-13 11:48