Bitwise CIO claims that demand for Bitcoin ETFs may lead to significant price increases

Bitwise Chief Investment Officer Matt Hougan posted on X platform that the price of Bitcoin may repeat the trend of gold in 2025. He pointed out that after the central bank's purchase volume doubled in 2022, the price of gold initially reacted slowly until it skyrocketed by 65% due to selling pressure depletion in 2025. At present, the Bitcoin ETF has absorbed over 100% of the new supply since its launch in January 2024. If this demand continues, the long-term depletion of sellers may trigger a sharp rise in prices.