CoinVoice has learned that Bitwise Chief Investment Officer Matt Hougan posted on X stating that the price of Bitcoin is expected to repeat the 2025 gold trend, as ETFs continue to absorb all new supply. He pointed out that after gold doubled in central bank purchases since 2022, the price initially responded slowly until 2025 when selling pressure was exhausted, leading to a 65% surge. Since the launch of the Bitcoin ETF in January 2024, it has continuously bought over 100% of new supply. If this demand persists, the long-term exhaustion of sellers could potentially trigger a sharp increase.
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CoinVoice has learned that Bitwise Chief Investment Officer Matt Hougan posted on X stating that the price of Bitcoin is expected to repeat the 2025 gold trend, as ETFs continue to absorb all new supply. He pointed out that after gold doubled in central bank purchases since 2022, the price initially responded slowly until 2025 when selling pressure was exhausted, leading to a 65% surge. Since the launch of the Bitcoin ETF in January 2024, it has continuously bought over 100% of new supply. If this demand persists, the long-term exhaustion of sellers could potentially trigger a sharp increase.