Bitwise CIO says Bitcoin could hit $200,000 this year because ‘there is too much demand and not enough supply.’

Bitwise’s chief investment officer said the price of Bitcoin could surge past $200,000 this year due to “massive supply-demand dynamics” and said there is “too much demand but not enough supply” for the cryptocurrency. “I don’t do it,” he emphasized. He predicted a “bigger wave” of Bitcoin demand due to spot Bitcoin exchange-traded funds (ETFs), explaining: “This is a new era (…)