Bitwise CIO says bitcoin ETF demand could trigger a significant price surge

Bitwise Chief Investment Officer Matt Hougan stated on the X platform that the price of bitcoin may repeat the trend of gold in 2025. He pointed out that gold's price reacted slowly in the early stages after central bank purchases doubled in 2022, but then surged by 65% in 2025 as selling pressure was exhausted. Currently, since the launch of bitcoin ETF in January 2024, it has absorbed more than 100% of the new supply. If this demand continues, the long-term exhaustion of sellers may trigger a sharp price increase.