Matthew Hougan, chief investment officer at Bitwise, forecasts that Bitcoin could reach $200,000 by the end of 2025 due to an impending supply shock fueled by rising institutional demand. In an interview at Consensus 2025 in Toronto, Hougan noted that only 165,000 BTC will be mined this year, while publicly traded companies have already acquired more. He emphasized that the growing inflow into Bitcoin exchange-traded funds (ETFs) and anticipated government purchases illustrate a structural gap between supply and demand. Hougan predicts that as demand continues to exceed supply, selling pressure will diminish above the $100,000 mark, propelling the price closer to $200,000. He also mentioned that a significant player, Strategy, has notably impacted Bitcoin's market dynamics by holding a large reserve and rapidly accumulating BTC. Analysts suggest that this increased demand may push Bitcoin's price even higher in the coming decade, despite some dissenting views regarding market conditions. Overall, the market appears optimistic about Bitcoin's future price trajectory amid these developments.

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