Degen

Matt Hougan, chief investment officer at Bitwise, believes that the price of Bitcoin could increase exponentially if countries accept it as a reserve asset in their treasuries and reserves.

Hogan believes that this possibility is not currently priced into the market and that if it were to materialize, the price of Bitcoin could reach hundreds of thousands of dollars.

He noted that the limited supply of Bitcoin in 2025 (around 160,000 to 170,000 units) will be insufficient compared to the growing demand from corporations, exchange-traded funds (ETFs), and governments.

Hogan predicted that this demand could lead to a sharp increase in the price, as current Bitcoin holders may only be willing to sell at price levels above $100,000 and beyond.