Bitwise: Stay patient, BTC will迎来 its "2025 gold price moment".

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[Bitwise: Be Patient, BTC Will Welcome Its “2025 Gold Price Moment”] On October 22, Bitwise Chief Investment Officer Matt Hougan stated that since 2025, gold has risen nearly 60%, far exceeding BTC's performance this year. The reason is that although Central Bank gold purchases have been an important catalyst for the rise in gold prices since 2025, such purchases began in 2022. In other words: the Central Bank started buying gold in 2022, while gold prices only began to experience parabolic rise in 2025. Bitcoin is currently in the gold stage before 2025. Since 2024, ETFs and enterprises have bought 1.39 million BTC in large quantities, while the new network supply of Bitcoin during the same period is less than a quarter of that scale, but the BTC price has not risen higher, currently hovering around 110,000 USD, as price-sensitive holders may take profits during this period. However, as the example of gold prices shows, eventually, these selling forces will be exhausted. As long as the joint buying trend of ETFs and enterprises continues, BTC will迎来属于自己的“2025年金价时刻”. He suggests to remain patient, as the surge in gold prices is a sign, indicating the future direction of Bitcoin.

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