Bitwise CIO: Predicts Bitcoin will reach $200,000 by the end of the year
Powered by ChatGPTOn July 13, according to Bitcoin.com News, Bitwise Chief Investment Officer Matt Hougan recently said in an interview with CNBC that he expects Bitcoin to reach $200,000 by the end of 2025, and pointed out that the current rise is driven by structural factors and will last for many years. Hougan emphasized that institutional funds are constantly flowing in, while the daily new supply of Bitcoin is only 450, and the supply and demand are seriously imbalanced. He believes that the market is entering a new stage where "demand continues to exceed supply," and this force will drive the long-term rise of BTC. He also said that policy benefits, legislative advancement, institutional adoption, and macroeconomic uncertainty together constitute a "rare synergy" for Bitcoin, which is the fundamental driver of the current rise [Deep Tide TechFlow]