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Bitcoin briefly touched $105,000 before settling around $102,600, with analysts predicting a potential surge to $200,000 by year-end. Bitwise CIO Matt Hougan cites ETF inflows, corporate adoption, and favorable government policies as key drivers. The widening supply-demand gap further fuels bullish sentiment.
- Bitwise CIO predicts Bitcoin could reach $200,000 by year-end, driven by ETF inflows and corporate adoption.
- ETF demand (500,000 BTC/year) now exceeds new Bitcoin supply (165,000 BTC/year) by a 3:1 ratio.
- Governments and corporations, including the US and Abu Dhabi, are accumulating Bitcoin, with $17B already held by the US Treasury.
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