Bitwise CIO Matt Hougan predicts Bitcoin could soar beyond $200,000 if the US government establishes a Bitcoin strategic reserve, potentially leading other nations to follow suit. He notes that increasing demand from ETFs, public companies, and governments could drive prices significantly higher, with expectations of Bitcoin exceeding $200,000 by this time next year. Currently, Bitcoin is trading at $104,532, reflecting a 2.5% decline in the last 24 hours.