Bitcoin Bound for the Moon? CIO Predicts $200,000 by 2025 End!
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.