CTO Bitwise, Matt Hougan, predicts that the price of Bitcoin could exceed 200,000 USD by the end of this year thanks to positive factors such as:

- The US government holding Bitcoin for the first time.

- Improved regulatory framework.

- Large organizations and businesses entering the market.

However, the current price of Bitcoin does not reflect these factors due to economic instability, which affects both Bitcoin and other risky assets.

When the economy stabilizes, positive factors will drive the price of Bitcoin up. Three factors to watch for predicting increased demand:

1. Inflows into Bitcoin ETFs.

2. Large companies continuing to buy.

3. The government accumulating Bitcoin.

Last year, ETFs purchased about 500,000 BTC, while the supply was only 165,000 BTC per year. Businesses also purchased about 250,000 BTC, and the government may buy several hundred thousand more BTC this year. Total demand could exceed 1 million BTC, primarily from long-term investors.#EthereumSecurityInitiative