CoinVoice has recently learned that, according to a report by Bitcoin.com News, Bitwise Chief Investment Officer Matt Hougan stated in a recent interview with CNBC that Bitcoin is expected to reach $200,000 by the end of 2025, and pointed out that the current upward trend is driven by structural factors that will persist for years.

Hougan emphasized that institutional funds are continuously flowing in, while the daily new supply of Bitcoin is only 450 coins, resulting in a severe imbalance between supply and demand. He believes the market is entering a new phase where 'demand continues to exceed supply,' and this force will drive BTC to rise in the long term.

He also noted that favorable policies, legislative advancements, institutional adoption, and macroeconomic uncertainty together form a 'rare synergy' for Bitcoin, which is the fundamental driver of the current rise. [Original link]