The chief investment officer of the crypto asset management firm Bitwise, Matt Hougan, has recently shared his thoughts on the future of Bitcoin (BTC) with CNBC Television. According to Hougan, the unrelenting demand for Bitcoin from blue-chip institutions and its limited supply could push the value of the crypto king much higher by the end of the year.
In his interview, Hougan mentioned that the Bitcoin network only produces 450 Bitcoin per day, while yesterday alone, Bitcoin ETFs (exchange-traded funds) bought 10,000 Bitcoin. He believes that this institutional investment into Bitcoin is a one-time event that will take years to play out, but over the course of those years, there will be a persistent bid with more demand than there is supply. This, in turn, will naturally cause Bitcoin’s price to go higher.
“I think it has a long way to go. I think it could end the year closer to $200,000. So I would get used to this story of new all-time highs,” said Hougan.
Hougan also added that interest in Bitcoin’s use cases is growing, particularly amid rising geopolitical uncertainty. He explained that Bitcoin provides a service which is the ability to store wealth in a digital format without relying on a bank, and in this uncertain world, people want to be able to own their wealth in a digital format.
At the time of writing, Bitcoin is trading for $117,470, a marginal decrease on the day. But who knows, with predictions like these, we might just see Bitcoin reaching for the stars! 🚀🌕
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2025-07-13 15:01