Bitwise CIO says “relentless demand” for Bitcoin could bring BTC closer to $200,000 by the end of 2025 -

The chief investment officer of a cryptocurrency management company said on Bitwise that aggressive demand for Bitcoin (BTC) could raise Crypto King’s prices much higher by the end of the year.

In a new interview with CNBC TV, Bitwise Cio Matt Hougan said that a blue chip institution where increasing demand for BTC is mixed with limited supply could boost Bitcoin’s value by around 70% from its current price.

“There is a relentless demand from investors in companies and institutions, which is conflicting with very limited supply. The Bitcoin network produces only 450 bitcoins per day. Just yesterday, Bitcoin ETF (Exchange-Traded Funds) purchased 10,000 bitcoins.

This institutional investment in Bitcoin is a one-off event. It’ll take years to play. But I think there will be this permanent bid during those years where there is more demand than there is supply. And the natural response to that is what we see in the market, with Bitcoin prices getting higher.

I think there’s a long way to go. I think it will bring the year closer to $200,000. So I’ll get used to this greatest story ever. ”

Hougan adds that interest in Bitcoin use cases is growing, especially amid growing geopolitical uncertainty.

“Bitcoin offers a service that is the ability to store wealth in digital form without relying on banks. The atmosphere is definitely part of it. Vibes affect stocks. They affect bonds, but the drivers underlying the rise want this service Bitcoin offers.

In this uncertain world of tariffs and geopolitical tensions, people want to own their wealth in digital form. ”

Bitcoin was trading at $117,470 at the time of writing, a slight decline on the day.

https://www.youtube.com/watch?v=kteapq3ovrg

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