Experts say that the U.S. strategy regarding Bitcoin reserves may drive the price of Bitcoin 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 a significant increase in Bitcoin's price by the end of 2025. Hougan stated, "We expect Bitcoin's price to exceed $200,000 by this time next year," attributing this prediction to three main sources of demand: Exchange-Traded Funds (ETFs), corporate investments, and government acquisitions.

Hougan further explained, "Some ETFs are absorbing Bitcoin, and publicly traded companies like MicroStrategy are also hoarding Bitcoin. Now we see that governments are discussing investing in Bitcoin as well. Ultimately, it comes down to a supply-and-demand issue—excess demand and insufficient supply, which drives up the price."

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 participating 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 who need to invest, 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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