$BTC If you buy right now, you just need to wait until the end of the year to nearly double your account according to the CTO of Bitwise. 👇

Bitwise CTO – Matt Hougan says Bitcoin could surpass $200,000 by the end of this year. According to him, there are many positive factors currently supporting the price of Bitcoin, including:

- The U.S. government has, for the first time, held Bitcoin in its strategic reserve fund

- Improvements in legal regulations

- Large organizations and businesses entering the market

However, the current price of Bitcoin does not fully reflect these positive factors due to economic instability, causing not only Bitcoin but also other risky assets like stocks to decline in value.

He believes that when the economic situation stabilizes, these positive factors will "catch up" with the price of Bitcoin, pushing it to new highs, potentially exceeding $200,000 this year.

Three factors to watch to predict actual demand increase:

1. Capital inflow into Bitcoin ETFs

2. Large companies like MicroStrategy and MetaPlanet continuing to buy in

3. The government continuing to accumulate Bitcoin

He stated that last year ETFs bought around 500,000 BTC, while the total supply of Bitcoin is only 165,000 BTC per year.

Businesses have also purchased about 250,000 BTC, and he predicts that the government could buy several hundred thousand BTC more this year. In total, demand could exceed 1 million BTC, which can only come from long-term holders, and they will only sell when the price goes higher.

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