Bitwise: Maintains Bitcoin target price of $200,000 by 2025

ChainCatcher news, according to The Block, Bitwise Chief Investment Officer Matt Hougan stated that Bitwise maintains its target price of $200,000 for Bitcoin in 2025, but is not very confident about whether ETH and SOL can reach new highs this year.

Matt Hougan and Research Director Ryan Rasmussen said in a report to clients: "This year, the prices of crypto assets have fluctuated, benefiting from strong inflows into ETFs, growing demand for Bitcoin fund management companies, and the potential establishment of a U.S. strategic Bitcoin reserve, which led to Bitcoin reaching an all-time high in May. However, both Ethereum and Solana have seen declines so far this year, as macro risks are hindering the acceleration of the bull market."