BitWise CIO Matt Hougan just dropped a bomb, saying that BTC would eventually face a major supply shock. While this can be bad news for people looking to enter the chain at the time, it is a boon for people who are already in the boat. This means long-term investors will earn higher returns.
Matt shared the news while talking to the audience at the Consensus 2025, conducted in Toronto. As per Hougan, BTC prices are nothing now compared to what they will be. According to Houghan, the currency still has some potential to grow.
Hougan cited a gradual growth in institutional interest and a gradual dwindling of supply as the catalysts to drive higher prices. Hougan said that around 95% of BTC’s two million token supply is already owned by companies and is in circulation.
According to Houghan, all the data suggests one thing: BTC is still in the growth/evolutionary phase. According to him, the token will eventually reach a newer height, easily topping the $200,000 mark by the end of the year.
While some say this is unrealistic, some signs suggest it can be possible. Institutional interest in the token has catapulted to new heights in the last few months, which means that the token has the fuel it needs to grow to the next stage.
However, this is more of a speculative figure. Therefore, please do not use it as financial advice and invest stupendous money. Hence, the best way to proceed is to understand the market reaction and proceed accordingly.
