Bitwise CIO: Bitcoin is expected to surpass $200000 by the end of the year

According to Foresight News, Bitwise CIO Matt Hougan stated that the rise in Bitcoin prices is mainly due to persistent demand encountering limited supply, as well as large purchases by companies and ETFs. In addition, it is expected that Bitcoin will exceed $200000 by the end of the year, and the acceleration of institutional and corporate funding will drive the price up significantly.