Bitwise CIO Matthew Hougan predicts a Bitcoin supply shock due to rising institutional demand, forecasting that Bitcoin will hit $200,000 by the end of 2025. In a recent interview, he emphasized that their price prediction model is based on supply and demand metrics. He noted that miners are expected to produce only 165,000 BTC this year, while publicly traded companies have already acquired more, along with significant ETF inflows totaling $6 billion. Hougan believes this demand will eventually exhaust sellers around the $100,000 mark, pushing prices higher to reach $200,000. Institutional interest, especially from companies like Strategy, which holds 568,840 BTC, is driving liquidity and changing market dynamics. This has led some analysts to suggest Bitcoin could reach $1 million in the next decade, although others warn that broader economic conditions could impact price movements. Overall, the outlook indicates a significant shift in the Bitcoin market influenced by institutional investment.

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