Bitwise CIO says Bitcoin could surpass $200,000 this year, citing "excess demand for BTC and insufficient supply"

TechFlow news, Bitwise's Chief Investment Officer said that bitcoin prices could surpass $200,000 this year due to "massive supply and demand dynamics," emphasizing "excess demand for bitcoin and insufficient supply."

He predicted that the emergence of spot bitcoin ETFs will bring "much larger scale demand," describing it as: "This is a new era of price discovery, and I believe prices could rise significantly from current levels."