Bitcoin Treasuries at a glance: Bitwise CIO advises getting started with BTC – new record levels expected

Bitwise CIO Matt Hougan expects continued strong demand for Bitcoin. This is likely to push the price to further all-time highs.
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• Bitwise CIO Matt Hougan expects further Bitcoin records
• Growing interest in Bitcoin from institutional investors
• Inflows into Bitcoin ETFs will accelerate
Bitwise CIO Matt Hougan attributed the strong Bitcoin performance to high demand from institutional investors meeting a very limited supply: “The Bitcoin network only produces 450 Bitcoin per day. Yesterday alone, Bitcoin ETFs bought 10,000 Bitcoin. This institutional investment in Bitcoin is a once-in-a-lifetime event that will take years to materialize but I think over the course of these years there will be this sustained period where there is more demand than supply. And the natural reaction to that is […]”that the price of Bitcoin is rising,” explained in an interview with “CNBC” in August. In his opinion, the Bitcoin price could therefore continue its record run and even climb to close to 200,000 US dollars by the end of 2025.
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More and more Bitcoin Treasuries
The expert assumes that the number of Bitcoin Treasuries will grow significantly in the coming years: “I think that the number of companies that hold Bitcoin on their balance sheet will double,” says the CIO of the asset manager Bitwise. This trend is being encouraged by the increasing acceptance of Bitcoin as a strategic asset.
Currently, over 180 publicly traded companies hold Bitcoin holdings on their books, according to data from bitcointreasuries.net. With 639,000 coins, Strategy is at the top of this list. Led by Bitcoin enthusiast Michael Saylor, the company has been investing billions of dollars in Bitcoin for years, partially financing this through the sale of debt securities. Although the software manufacturer actually specializes in business intelligence solutions, it has made Bitcoin a central part of its corporate strategy.
Optimism about Bitcoin ETFs
As Hougan explained, after initial rapid growth, Strategy’s Digital Asset Treasury (DAT) model has now entered a more balanced consolidation phase. However, this does not mean that these companies are now selling; rather, they are simply slowing down their purchases and increasingly shifting their focus to crypto ETFs. Given this, Hougan expects inflows into Bitcoin ETFs to accelerate – particularly in the final quarter of 2025.
Uncertain investors
Matt Hougan also sees no danger of the Bitcoin hype bursting like the tulip bubble in 1637. He pointed out that in these uncertain times of tariffs and geopolitical tensions, there is great interest on the part of investors in the service that Bitcoin offers: storing assets digitally without having to rely on a bank.
Editorial team finanzen.net
