95% of Bitcoin Is Gone, Institutions Still Waiting: Bitwise’s Matt Hougan Warns of Supply Shock

By: coinpedia|2025/05/16 18:30:08
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The post 95% of Bitcoin Is Gone, Institutions Still Waiting: Bitwise’s Matt Hougan Warns of Supply Shock appeared first on Coinpedia Fintech NewsBitwise CIO Matt Hougan just turned up the heat among the Bitcoin enthusiasts as he cites that 95% of Bitcoin is already locked up, while 95% of the world’s wealth hasn’t touched it. This scarcity showdown is set to ignite a massive price surge. With institutional interest ramping up and supply rapidly shrinking, Hougan believes we’re entering a multi-year bull run – and early holders might be in for the ride of a lifetime.Bitcoin Supply Shrinks to Just 5.7%Hougan pointed out that Bitcoin’s annual supply growth is now only 0.84%, making it scarcer than gold. This was backed by Bitwise CEO Hunter Horsley, who described Bitcoin as the most limited store of value on the planet.Out of Bitcoin’s fixed 21 million supply, just 5.7% is still available to be mined. And according to a recent Bitwise report, 69% of all circulating Bitcoin is held by individuals. Institutions and ETFs combined only control 10.5%.This creates a tough situation for any government wanting to build a serious position in Bitcoin. Hougan summed it up clearly: if they want in, they’ll have to buy from individual holders.Institutions Are Buying Faster Than Bitcoin Can Be ProducedDuring his talk at the Consensus 2025 Conference in Toronto, Hougan highlighted how demand is now racing ahead of supply. BlackRock’s Bitcoin ETFs, Michael Saylor’s MicroStrategy buys, and other corporate investments are flooding in at a rate that new Bitcoin supply can’t keep up with.BULLISH: Bitwise CIO Matt Hougan says, "95% of all Bitcoin is already owned and 95% of investable money doesn't own any Bitcoin."HIGHER pic.twitter.com/QfKDPmYXtP— CryptosRus (@CryptosR_Us) May 15, 2025That supply-demand pressure is the foundation behind Hougan’s bold forecast: Bitcoin could hit $200,000 by the end of this year.His view aligns with other industry leaders. Eleanor Terrett, host of Crypto in America, mentioned that Pantera Capital CEO Dan Morehead believes the market has only seen half of Bitcoin’s upside. Hougan agreed, suggesting that the asset still has a long way to go.Hougan Predicts a Five-Year Bull MarketHougan went further, saying this could be the beginning of a five-year bull run. That’s a major shift from Bitcoin’s typical four-year cycle.What’s different this time?Regulatory conditions in the US are improving under a more crypto-friendly Trump administrationETFs are creating a simpler gateway for institutional capitalCorporate and even government interest in Bitcoin is growing rapidlyTogether, these forces are creating what Hougan sees as a perfect storm for long-term price growth.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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