US Bitcoin Reserve Could Push Price To $500,000: Expert

US Bitcoin Reserve Could Push Price To 0,000: Expert

Este artículo también está disponible en español.

In an unique interview with Yahoo Finance, Matt Hougan, Chief Funding Officer at Bitwise Asset Administration, shared his bullish outlook on Bitcoin, projecting important value appreciation by the tip of 2025. “We expect Bitcoin to be up above $200,000 by this time next year,” Hougan said, attributing this forecast to 3 main sources of demand: exchange-traded funds (ETFs), company investments, and governmental acquisitions.

Hougan elaborated, “There are ETFs that are vacuuming up Bitcoin, public companies like MicroStrategy are accumulating Bitcoin, and now we’re seeing discussions about governments investing in Bitcoin. It ultimately boils down to supply and demand—there’s too much demand and not enough supply, which drives the price higher.”

When probed in regards to the sustainability of such demand, Hougan emphasised the gradual awakening of various investor segments to Bitcoin’s worth proposition. “People just wake up to Bitcoin at different paces. We’ve seen retail investors engage first, followed by companies and financial advisors, and now institutions are recognizing that Bitcoin belongs in a diversified portfolio,” he defined.

Associated Studying

“Bitcoin is now a global macro asset worth a few trillion dollars, and virtually every investor should have some exposure. We still have a large number of investors to go, which is why I believe we’re still early in this journey. We have many quarters to go,” he added.

How Excessive Can Price Go If The US Buys Bitcoin?

A pivotal side of Hougan’s forecast hinges on the potential institution of a US Strategic Bitcoin Reserve (SBR). Addressing this, Hougan remarked, “If we do get a Bitcoin strategic reserve where the government is buying Bitcoin, as proposed in Senator Lummis’ bill for the government to purchase a million Bitcoin, $200,000 Bitcoin is going to be looking quaint. You’re going to be looking at three four $500,000 Bitcoin. It’s just too big a story because governments all around the world would have to do it.”

Hougan admitted that he was first skeptical about Trump ideas to ascertain a SBR. “But over the months, it hasn’t gone away in fact we continue to see leaders in the Trump Administration suggest that they’re open to it,” Hougan remarked. The Bitcoin CIO nonetheless thinks that the chances of the US authorities shopping for Bitcoin is lower than 50%, however “it’s not zero,” he added. “If it happens or if we start to see it happening in other countries, you’re going to see a rip up in Bitcoin that will make 2024 look pretty docel in comparison.”

Associated Studying

Hougan additionally highlighted the function of institutional platforms, particularly citing Coinbase as a possible main beneficiary within the evolving crypto panorama. “Coinbase is currently about half the size of Charles Schwab, and we believe it could surpass Schwab in brokerage size,” he famous.

“Coinbase hasn’t had major competitors bubbling up to challenge it; it’s sort of had a degree of regulatory capture, if you can believe it. As a result, it’s been able to sustain its high margins in brokerages and then layer on things like stablecoins. [..,.] It’ll also help if it gets into the S&P 500; you see institutions buying it broadly. I think it’s a really unique situation driven by the fact that there was so much regulatory uncertainty—it cleared the competitive fat path and now it’s going to reap those rewards and build a really, you know, maybe an unsalable position leading this industry in the US.”

Waiting for the broader market, Hougan anticipated an inflow of crypto-related firms getting into public markets. “We can expect firms like Kraken, Anchorage, and Chainalysis to go public, further normalizing the industry,” he said. “This influx will lead to increased Wall Street coverage and institutional investment, setting the stage for a robust IPO window in 2025.”

Regardless of the optimistic outlook, Hougan acknowledged potential dangers that would impede Bitcoin’s progress. “The biggest risk is that politicians don’t deliver on their promises—if we don’t achieve regulatory clarity or fail to establish a strategic reserve, the expected bull market might not materialize,” he cautioned. “Regulatory and political factors are crucial drivers for crypto in 2025, and any setbacks in these areas could pose significant challenges.”

At press time, Bitcoin traded at $104,212.

BTC value, 1-week chart | Supply: BTCUSDT on TradingView.com

Featured picture created with DALL.E, chart from TradingView.com

Supply hyperlink

author avatar
Crypto Dunia
bitcoin
Bitcoin (BTC) $ 102,461.45 1.15%
ethereum
Ethereum (ETH) $ 2,394.18 1.52%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.08 3.07%
bnb
BNB (BNB) $ 632.31 1.93%
solana
Solana (SOL) $ 137.75 2.32%
usd-coin
USDC (USDC) $ 1.00 0.00%
tron
TRON (TRX) $ 0.274335 0.11%
dogecoin
Dogecoin (DOGE) $ 0.157733 3.76%
staked-ether
Lido Staked Ether (STETH) $ 2,391.85 1.63%
cardano
Cardano (ADA) $ 0.566115 2.80%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 102,519.47 0.96%
hyperliquid
Hyperliquid (HYPE) $ 32.17 7.18%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,884.12 1.58%
bitcoin-cash
Bitcoin Cash (BCH) $ 473.48 1.64%
sui
Sui (SUI) $ 2.59 6.11%
chainlink
Chainlink (LINK) $ 12.24 3.57%
leo-token
LEO Token (LEO) $ 8.92 0.46%
stellar
Stellar (XLM) $ 0.238557 2.35%
avalanche-2
Avalanche (AVAX) $ 16.99 3.57%
usds
USDS (USDS) $ 1.00 0.00%
the-open-network
Toncoin (TON) $ 2.89 2.72%
whitebit
WhiteBIT Coin (WBT) $ 48.58 0.94%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 3.82%
weth
WETH (WETH) $ 2,393.14 1.55%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.11%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,560.65 1.58%
litecoin
Litecoin (LTC) $ 81.24 2.68%
hedera-hashgraph
Hedera (HBAR) $ 0.138964 4.65%
monero
Monero (XMR) $ 310.63 0.01%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.04%
polkadot
Polkadot (DOT) $ 3.36 2.39%
bitget-token
Bitget Token (BGB) $ 4.26 0.85%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 102,550.48 1.01%
uniswap
Uniswap (UNI) $ 6.85 4.13%
pepe
Pepe (PEPE) $ 0.00001 3.73%
pi-network
Pi Network (PI) $ 0.529628 2.14%
dai
Dai (DAI) $ 0.999883 0.03%
aave
Aave (AAVE) $ 243.03 3.07%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18 0.02%
okb
OKB (OKB) $ 50.61 3.11%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
bittensor
Bittensor (TAO) $ 315.58 8.12%
aptos
Aptos (APT) $ 4.29 0.81%
crypto-com-chain
Cronos (CRO) $ 0.08615 2.98%
susds
sUSDS (SUSDS) $ 1.06 0.01%
internet-computer
Internet Computer (ICP) $ 4.78 3.98%
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 166.82 2.38%
near
NEAR Protocol (NEAR) $ 1.99 5.43%
ethereum-classic
Ethereum Classic (ETC) $ 15.71 3.49%
tokenize-xchange
Tokenize Xchange (TKX) $ 28.03 0.61%
usd1-wlfi
USD1 (USD1) $ 1.00 0.08%
ondo-finance
Ondo (ONDO) $ 0.695005 6.76%
mantle
Mantle (MNT) $ 0.615844 1.82%
gatechain-token
Gate (GT) $ 16.73 1.83%
fasttoken
Fasttoken (FTN) $ 4.45 0.04%
official-trump
Official Trump (TRUMP) $ 9.07 2.52%
cosmos
Cosmos Hub (ATOM) $ 3.82 3.67%
vechain
VeChain (VET) $ 0.020192 4.28%
kaspa
Kaspa (KAS) $ 0.06594 5.07%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 102,242.39 1.10%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.616182 6.33%
sky
Sky (SKY) $ 0.075098 3.67%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.174561 5.35%
ethena
Ethena (ENA) $ 0.25467 6.85%
filecoin
Filecoin (FIL) $ 2.24 1.25%
render-token
Render (RENDER) $ 2.93 5.22%
first-digital-usd
First Digital USD (FDUSD) $ 0.998038 0.12%
usdtb
USDtb (USDTB) $ 1.00 0.01%
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.25 1.11%
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,395.17 1.45%
algorand
Algorand (ALGO) $ 0.162892 3.87%
usdt0
USDT0 (USDT0) $ 1.00 0.07%
arbitrum
Arbitrum (ARB) $ 0.279257 4.57%
kucoin-shares
KuCoin (KCS) $ 10.95 0.32%
worldcoin-wld
Worldcoin (WLD) $ 0.838295 6.50%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 145.83 2.12%
sei-network
Sei (SEI) $ 0.214781 5.40%
nexo
NEXO (NEXO) $ 1.16 3.67%
flare-networks
Flare (FLR) $ 0.016819 3.66%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,722.85 1.58%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,508.02 1.49%
kaia
Kaia (KAIA) $ 0.183843 7.20%
jupiter-exchange-solana
Jupiter (JUP) $ 0.360782 6.53%
celestia
Celestia (TIA) $ 1.51 5.21%
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00 0.03%
injective-protocol
Injective (INJ) $ 10.36 7.08%
binance-bridged-usdc-bnb-smart-chain
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00 0.03%
bonk
Bonk (BONK) $ 0.000013 6.74%
paypal-usd
PayPal USD (PYUSD) $ 0.999727 0.00%
xdce-crowd-sale
XDC Network (XDC) $ 0.058533 0.15%
spx6900
SPX6900 (SPX) $ 1.00 10.77%
optimism
Optimism (OP) $ 0.52653 4.68%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.40 10.39%
blockstack
Stacks (STX) $ 0.584717 5.57%
mantle-staked-ether
Mantle Staked Ether (METH) $ 2,554.82 1.28%
stakewise-v3-oseth
StakeWise Staked ETH (OSETH) $ 2,512.68 1.44%
solv-btc
Solv Protocol BTC (SOLVBTC) $ 102,433.44 1.08%
pax-gold
PAX Gold (PAXG) $ 3,409.49 0.63%
fartcoin
Fartcoin (FARTCOIN) $ 0.858412 10.57%
Scroll to Top