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TronWeekly

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Bitwise CIO Signals Bitcoin Shock: 95% Owned, Few Buyers Involved

  • Bitwise CIO Matt Hougan stated that 95% of Bitcoin is already owned and 95% of global investable money is not exposed to Bitcoin.
  • Hougan believes the supply-demand imbalance in Bitcoin could lead to a significant price rally.
  • Bitcoin's scarcity amplifies as demand rises, with only a small fraction of investable capital currently invested in Bitcoin.
  • Hougan predicts a sharp rise in Bitcoin price, with projections of reaching $200,000 by the end of the year due to institutional growth.

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