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Bitcoin Could Hit $200K This Year, Says Bitwise CIO: ‘There’s Too Much Demand And Not Enough Supply’

The chief investment officer (CIO) ofBitwise Asset Management, Matt Hougan, has made a bold prediction, stating that the price of Bitcoin (CRYPTO: BTC) could soar above $200,000 in 2024 due to an overwhelming supply-demand situation. What Happened: Hougan, in an interview with CNBC, mentioned a “massive supply-demand dynamic” that could drive Bitcoin’s price to unprecedented levels, reported on Monday. He foresees a significant surge in demand for Bitcoin, particularly because of the approval of spot Bitcoin exchange-traded funds (ETFs). The CIO also noted the growing interest from…

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