Experts say that the U.S. strategic Bitcoin reserves may push Bitcoin prices up to $500,000

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Matt Hougan, Chief Investment Officer of Bitwise Asset Management, shared his optimistic view on Bitcoin in an exclusive interview with Yahoo Finance, predicting that Bitcoin prices will rise significantly by the end of 2025. Hougan stated, "We expect Bitcoin prices to exceed $200,000 by this time next year," attributing this forecast to three main sources of demand: exchange-traded funds (ETFs), corporate investments, and government acquisitions.

Hougan further explained, "Some ETFs are accumulating Bitcoin, publicly traded companies like MicroStrategy are also hoarding Bitcoin, and now we see governments discussing investing in Bitcoin. Ultimately, this comes down to supply and demand issues—too much demand and not enough supply, which drives up prices."

When asked about the sustainability of this demand, Hougan emphasized the gradual awakening of different investor groups to Bitcoin's value proposition. "People are just realizing Bitcoin at different speeds. We see retail investors getting involved first, then companies and financial advisors, and now institutions are also recognizing that Bitcoin belongs in a diversified portfolio," he explained.

"Bitcoin is now a global macro asset worth trillions of dollars, and almost every investor should hold a certain amount of Bitcoin. We still have a large number of investors to come in, which is why I believe we are still in the early stages of this journey. We have many quarters to go," he added.

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