'The price of bitcoin will skyrocket' with one condition: Matt Hougan

The Bitwise executive reveals what he believes is the necessary requirement for bitcoin to have a parabolic movement soon.

In the midst of the rise of bitcoin (BTC) to more than 97,000 dollars (USD), Bitwise CEO Matt Hougan made an optimistic projection for the market. However, this poses a condition related to the flow of the exchange-traded funds (ETF) of the digital currency.

According to Hougan, 'the price of bitcoin will skyrocket if ETF demand persists in the long term.' To support this idea, he made a comparison of these instruments with gold purchases made by central banks.

"The price of bitcoin will skyrocket" with one condition: Matt Hougan

The Bitwise executive reveals what he considers to be the necessary requirement for bitcoin to have a parabolic movement soon.

Matt Hougan believes that the market is heading towards an "ideal adoption point" for BTC through ETFs. Source: YouTube- CNBC.

Hougan is keeping an eye on the behavior of bitcoin ETF investors.

"If the demand for ETFs persists, sellers will run out of ammunition," says Hougan.

Amid the rise of bitcoin (BTC) to over 97,000 dollars (USD), Bitwise CEO Matt Hougan offered a bullish projection for the market. Although this poses a condition related to the flow of the exchange-traded funds (ETFs) of the digital currency.

According to Hougan, "the price of bitcoin will skyrocket if the demand for ETFs persists in the long term." To support that idea, he made a comparison of these instruments with gold purchases made by central banks.

The executive points out that there is a widespread narrative about the precious metal. That version holds that "the price of gold skyrocketed in 2025, by 65%, because central bank purchases tilted the balance." However, he claims that "the real story teaches something different."

According to his analysis, gold purchases by central banks "skyrocketed in 2022." This increase occurred after the United States confiscated Russian Treasury deposits. Since then, he explains, "annual purchases went from about 500 tons to about 1,000 tons." #BTC #ETH