Bitcoin Price Could Hit $150K Due to Supply Shock

The prediction by Bitwise hinges on the 'supply shock' model, which emphasizes the imbalance between Bitcoin supply and demand. As institutions and ETFs continue to acquire BTC at a rapid rate, they outpace the number of coins miners produce, creating an artificial scarcity. This reduced flux of coins from miners and the underwhelming sell-off activity among long-term holders contribute to a tightening of supply available on the market. The implications are significant: such an environment can lead to sharp price increases, especially if demand sustains or accelerates. Historically, similar dynamics have preceded substantial bullish runs for Bitcoin. However, it remains essential to consider market volatility, regulatory developments, and macroeconomic factors that could influence actual price movements.