Bitwise CIO: BTC has three unstoppable sources of demand, including ETFs and MicroStrategy

Bitcoin has risen 55% since the U.S. presidential election and more than 140% so far this year. Matt Hougan, chief investment officer at Bitwise Asset Management, pointed to three "unstoppable" sources of demand for Bitcoin, namely ETFs, Microstrategy, and the government itself as a possible buyer of Bitcoin. He added: "It comes down to supply and demand. There is too much demand and not enough supply, so I think the price will be higher in 2025." Wall Street is increasingly optimistic about cryptocurrencies, especially as Trump's second term is approaching. Standard Chartered Bank, which accurately predicted that Bitcoin would climb to $100,000 this year, now predicts that Bitcoin will reach $200,000 by the end of 2025, while other bullish forecasts believe that the price of the token will rise to as high as $500,000. (Jinshi)