Bitwise CIO: If ETFs continue to accumulate, Bitcoin may repeat the parabolic surge of gold in 2025

Bitwise Chief Investment Officer Matt Hougan posted on X that Bitcoin prices are expected to replicate gold's 2025 trend, as ETFs continue to absorb all new supply. He pointed out that after central banks doubled their gold purchases in 2022, the price initially reacted slowly, only to surge 65% in 2025 when selling pressure was exhausted. Currently, Bitcoin ETFs have been buying over 100% of the new supply since their launch in January 2024, and if this demand continues, a severe price increase may occur after long-term sellers are depleted.