Matt Hougan, Chief Investment Officer at Bitwise Asset Management, predicts Bitcoin could exceed $200,000 by the end of 2024, driven by demand from ETFs, corporate investments, and potential government acquisitions. He suggests that a US Strategic Bitcoin Reserve could push prices to $500,000, emphasizing the importance of regulatory clarity and political support for sustained growth. Despite his optimism, Hougan acknowledges risks that could hinder Bitcoin's ascent, including the possibility that politicians may not fulfill their promises.