Bitwise CIO "This Year Institutional And Government Demand For BTC, Three Times The Mining Amount… Ongoing Bullish Outlook"

Bitwise Chief Investment Officer (CIO) Matt Hougan stated through X that this year, the demand for Bitcoin (BTC) from listed companies, ETF, and governments amounts to 227,286 BTC. This is more than three times the Bitcoin mining volume (58,109 BTC) during the same period.

Given the current Bitcoin price is about 103,000 dollars, this demand translates to 23 billion dollars. Hougan mentioned, "Many institutional investors are adopting Bitcoin as a strategic asset," citing examples like MicroStrategy, MetaPlanet, and Marathon Holdings.

These companies have been steadily increasing their Bitcoin holdings over the past few months, showing confidence in the market, and as a result, there is an analysis that the supply shortage could deepen. In particular, it is assessed that the substantial purchases by institutions and governments surpass the mining volume significantly, and this could increase long-term price upward pressure.

Market experts say, "If demand from institutions and governments continues to increase while mining supply does not keep pace, Bitcoin price increases will be inevitable," and they are watching for further institutional purchasing moves.