Bitwise Chief Investment Officer predicts Bitcoin will grow exponentially for the following reasons

Source: CryptoNewsNet Original Title: Bitwise CIO Says Bitcoin Will Go Parabolic, Here’s How Original Link: Since the launch of the first Bitcoin ETF in January 2024, the ecosystem has attracted more and more institutional investors. However, so far, their participation has had little impact on Bitcoin’s price.

On Tuesday, January 13th, Bitwise Chief Investment Officer Matt Hougan declared that this situation would not last long, expressing his belief that Bitcoin’s price will grow exponentially in the future.

Will Bitcoin Follow Gold’s Price History?

To support his view, Hougan cited the significant price increase of gold in 2025 as an example, illustrating how the market reacts when sustained institutional demand finally exceeds supply.

Matt Hougan explained that central banks began increasing gold purchases starting in 2022, following the freezing of Russia’s fiscal reserves in the United States.

With this move, annual gold purchases roughly doubled from about 500 tons to around 1,000 tons, maintaining this high level thereafter.

Despite the continued rise in central bank demand, gold prices remained stagnant at that time until roughly three years later, when they surged significantly.

Over the years, gold grew by only 2% in 2022, 13% in 2023, and 27% in 2024. Nevertheless, it experienced exponential growth in 2025, soaring about 65%, driven by sustained large-scale demand over a long period.

Hougan further pointed out that the delay before explosive price action can be attributed to the market’s capacity to absorb demand.

Based on gold’s price history, Hougan noted that sustained ETF demand would also drive Bitcoin’s exponential price surge in the long term, once sellers are exhausted.

Bitcoin ETF Now Holds $56.52 Billion in Net Inflows

According to Hougan, since the launch of spot Bitcoin ETFs in January 2024, these funds have been purchasing over 100% of the newly mined Bitcoin.

While this means ETFs are alone absorbing all new Bitcoin supply, and even more, as of January 13th, they have accumulated a substantial net inflow of about $56.52 billion.

Nevertheless, Bitcoin has not yet experienced a true exponential surge, as long-term holders have been willing to sell in the face of demand. He believes this will only last for a while longer, as the world’s leading cryptocurrency will grow exponentially once sellers are exhausted.