PANews reported on January 13th that Matt Hougan, Chief Investment Officer of Bitwise, stated in an article on X that Bitcoin's price is poised to mirror gold'sPANews reported on January 13th that Matt Hougan, Chief Investment Officer of Bitwise, stated in an article on X that Bitcoin's price is poised to mirror gold's
Bitwise CIO: If ETFs continue to accumulate shares, Bitcoin may repeat the "parabolic" surge seen in gold in 2025.
PANews reported on January 13th that Matt Hougan, Chief Investment Officer of Bitwise, stated in an article on X that Bitcoin's price is poised to mirror gold's 2025 trajectory, as ETFs are continuously absorbing all new supply. He pointed out that after central bank purchases doubled in 2022, gold's price initially reacted slowly, only surging 65% in 2025 after selling pressure subsided. Currently, Bitcoin ETFs, since their launch in January 2024, have consistently purchased over 100% of new supply; if this demand continues, the eventual exhaustion of long-term selling pressure could trigger a dramatic price increase.
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