Bitwise: Maintains $200,000 Bitcoin Target Price for 2025

Bitwise Chief Investment Officer Matt Hougan stated that due to strong institutional demand, he is sticking to his target price of $200,000.00 for Bitcoin in 2025, but ETH and SOL are less likely to reach new highs this year. Hougan and Head of Research Ryan Rasmussen stated that they remain optimistic about the second half of the year, believing that progress in crypto legislation, increased institutional demand, and increased stablecoin adoption will drive the market upward. At the same time, Bitwise believes that there is still hope that the net inflow of funds into Bitcoin ETFs will exceed the $35,000,000,000.00 target for this year. (The Block)