Bitwise CIO Matt Hougan anticipates a significant rise in Ethereum's price, driven by a substantial demand shock. Since mid-May, ETFs and treasury companies have acquired 2.83 million ETH, valued at over $10 billion. This purchase volume is 32 times greater than the increase in Ethereum's supply during the same period, indicating strong institutional interest.
Bitwise CIO Predicts Ethereum Price Surge Amid Massive Demand
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