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Bitwise CIO Says BTC Could Easily Hit $500K If Trump Administration Creates Bitcoin Reserve
In a recent interview, Matt Hougan, Chief Investment Officer at Bitwise, has sparked quite a debate in the cryptocurrency community by predicting that Bitcoin could potentially hit an astonishing $500,000 if the Trump administration were to create a Strategic Bitcoin Reserve. This bold prediction comes after Bitwise had previously forecasted that Bitcoin would reach $200,000 by 2025.
According to Hougan, this development is too significant to ignore, and governments would likely need to follow suit, potentially causing a supply shock for Bitcoin. While some may view such a scenario as highly improbable or even impossible, the CIO’s statements have certainly garnered attention from market analysts and enthusiasts alike.
It remains to be seen whether this prediction will come to fruition, especially considering that other prominent figures in the space, such as Nic Carter of Castle Island Ventures and Arthur Hayes of BitMEX, have expressed doubts about the likelihood of a Strategic Bitcoin Reserve being created under Trump’s administration.
Source: coinpedia.org
