The CIO of Bitwise predicts that Bitcoin may break through $200,000 this year, the reason being "BTC demand exceeds supply."

The Chief Investment Officer of Bitwise stated that due to "huge supply and demand dynamics", the price of Bitcoin could potentially exceed $200,000 this year, emphasizing an "oversupply in Bitcoin demand and a shortage in supply".

He predicted that with the emergence of spot Bitcoin ETFs, there will be a "larger scale of demand," describing it as: "This is a new era for price discovery. I believe prices may significantly increase from current levels."