"Bitcoin (BTC) Expected to Reach $200,000 by Year-End Due to Increased Institutional Demand"
Summary
- The Chief Investment Officer of Bitwise stated that Bitcoin could rise to $200,000 by the end of the year due to increased institutional demand.
- It was mentioned that the expected Bitcoin mining volume is 165,000 BTC, but listed companies have already purchased more than that.
- The cumulative net inflow of BTC spot ETFs amounts to $6 billion, which will exhaust the selling pressure.
It is anticipated that Bitcoin (BTC) will rise to $200,000 by the end of the year due to a supply shock from increased institutional demand.
Matt Hougan, Chief Investment Officer (CIO) of Bitwise, stated in an interview with Cointelegraph during the Consensus 2025 conference on the 16th (local time) that "miners will mine 165,000 BTC this year, and listed companies have already purchased more than that."
He continued, "The cumulative net inflow of BTC spot Exchange Traded Funds (ETFs) this year amounts to $6 billion," explaining that "this increase in demand will eventually exhaust the selling pressure at the $100,000 level."
Furthermore, he added, "Institutional demand is likely to have made the BTC halving cycle a 'thing of the past.'"
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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