Bitwise CIO: If ETFs Continue to Absorb, Bitcoin May Repeat Gold’s 2025 “Parabolic” Surge

PANews reported on January 13 that Bitwise Chief Investment Officer Matt Hougan posted on X stating that the price of bitcoin is likely to repeat gold's 2025 performance, as ETFs are continuously absorbing all new supply. He pointed out that after central bank purchases of gold doubled in 2022, the price initially reacted slowly and only surged by 65% in 2025 when selling pressure was exhausted. Currently, since the launch of bitcoin ETFs in January 2024, they have continued to purchase more than 100% of the new supply. If this demand persists, a severe price surge could occur after long-term sellers are exhausted.