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Matt Hougan: Bitcoin price could skyrocket as demand surges
Matt Hougan, chief investment officer at Bitwise, believes that the price of Bitcoin could skyrocket if countries adopt it as a reserve asset in their treasuries and reserves.
Hogan believes that this possibility is not currently priced into the market and could reach hundreds of thousands of dollars if it were to materialize. 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 companies, 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.

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He argues that if more countries recognize Bitcoin as a legitimate asset and begin to include it in their reserves, it would create a ripple effect, encouraging other nations to follow suit.
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