U.S. Strategic Bitcoin Reserve Could Drive Price to $500,000: Expert

Matt Hougan, Chief Investment Officer at Bitwise Asset Management, shared a positive outlook for Bitcoin in an interview with Yahoo Finance. He projected that Bitcoin could surpass $200,000 by the end of next year, driven by demand from exchange-traded funds (ETFs), corporate investments, and government purchases.

Hougan explained that ETFs are accumulating Bitcoin, public companies like MicroStrategy are increasing their holdings, and there are discussions about government investments. This supply-demand dynamic supports higher prices.

He noted the gradual recognition of Bitcoin’s value across different investor segments. Retail investors were the first to engage, followed by companies and financial advisors. Now, institutions are beginning to include Bitcoin in diversified portfolios.

According to Hougan, Bitcoin has evolved into a global macro asset worth trillions of dollars, and it is becoming essential for many investors. He believes we are still in the early stages, with significant growth potential ahead.

Sentiment: Positive