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Bitcoin.com
2024-03-05 02:00:59

Bitwise CIO Says Bitcoin Could Top $200K This Year Citing ‘Too Much Demand, Not Enough Supply’

Bitwise CIO Says Bitcoin Could Top $200K This Year Citing ‘Too Much Demand, Not Enough Supply’

Bitwise’s chief investment officer says bitcoin price could surge above $200K this year due to a “massive supply-demand dynamic,” emphasizing that “there’s too much demand and not enough supply” for the cryptocurrency. Predicting “an even bigger wave” of demand for bitcoin due to spot bitcoin exchange-traded funds (ETFs), he described: “It’s in a new era

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