[Bitwise CIO: If ETFs Continue Accumulating, Bitcoin May Repeat Gold's 'Parabolic Surge' in 2025] Bitwise Chief Investment Officer Matt Hougan stated on X that Bitcoin's price could potentially replicate gold's 2025 trajectory, as ETFs are continuously absorbing all new supply. He noted that after central bank purchases of gold doubled in 2022, its price initially reacted slowly, only surging 65% in 2025 once selling pressure was exhausted. Currently, Bitcoin ETFs have been consistently buying over 100% of the new supply since their launch in January 2024. If this demand persists, a sharp price increase could occur once long-term sellers are depleted.