Bitwise CEO Matt Hogan believes Bitcoin can reach $200,000 by the end of the year and even one million dollars by 2030, citing the growing institutional interest.
Increase in Bitcoin Holdings by Companies
In the second quarter, public companies increased their Bitcoin holdings to 159,107 BTC, a 23% rise from the previous quarter. Their total Bitcoin reserves reached 847,000 BTC, equivalent to $91 billion.
Optimistic View on Bitcoin's Future
Matt Hogan emphasizes that many institutional investors are beginning to show interest in Bitcoin, creating conditions for its growth. "The world is realizing that Bitcoin will be part of our future. The timing to invest couldn’t be better," he noted.
Bitcoin Prospects and Reserve Currencies
Hogan expressed the opinion that in the future, Bitcoin could achieve parity with gold and also noted that some central banks are discussing the possibility of adding Bitcoin to their foreign exchange reserves.
The forecasts from the Bitwise CEO highlight the growing interest in Bitcoin from institutional investors and potential changes in Bitcoin's role as a reserve currency.
