Bitwise CIO: Economic gloom suppresses the market, once the favourable information for Bitcoin is released, it will soar to new highs.

The Chief Information Officer of Bitwise stated in an interview that there have been many overlooked fundamental favourable information recently: strategic Bitcoin reserves have made progress in litigation, stablecoin legislation is advancing steadily, discussions on market structure legislation are underway, and the White House is holding a Crypto Summit. These should have driven the Bitcoin trading price to 150,000–200,000 USD.

However, short-term economic uncertainty has suppressed the market, causing this favourable information not to be reflected in prices. He emphasized that if this suppression is lifted, Bitcoin will release its power rapidly like a compressed spring, quickly reaching a historical high and surging towards 200,000 USD by the end of the year.

He summarized that there are no additional conditions needed; the forces supporting Bitcoin demand are already in place. Strong inflows into ETFs, continuous accumulation by companies (such as MicroStrategy), and gradual participation at the national level all form the basis for Bitcoin's rise. The key lies in the dissipating economic gloom.