Bitwise Chief Investment Officer Matt Hougan has laid out a compelling bullish thesis for Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), citing a powerful demand shock as the catalyst for explosive upside over the next 18 months.
What Happened: In a podcast with Scott Melker, Hougan predicts Bitcoin will reach $200,000 by the end of 2025, driven by institutional demand growing 5 to 10 times faster than supply.
He called this surge “a math problem,” emphasizing: “When demand is 5x to 10x supply, the price tends to go up. And I think that’s the story in crypto right now.”
He pointed …