The post Bitwise CIO Says BTC Could Easily Hit $500K If Trump Administration Creates Bitcoin Reserve appeared first on Coinpedia Fintech News
Bitwise CIO Matt Hougan, in a recent interview, predicted that Bitcoin would reach as high as $500,000 if Donald Trump’s administration created the Strategic Bitcoin Reserve. He said that this development is too significant to ignore, and governments would likely need to follow, potentially causing a supply shock for Bitcoin. Notably, Bitwise recently predicted that Bitcoin will hit $200,000 in 2025.However, there are doubts about whether a Strategic Bitcoin Reserve will be created, as Castle Island Ventures’ founding partner, Nic Carter, and Arthur Hayes have expressed that they do not expect the BTC reserve to happen.