Bitwise CIO: Predicts Bitcoin will reach $200,000 by the end of the year

ChainCatcher news, according to Bitcoin.com News, Bitwise Chief Investment Officer Matt Hougan recently stated in an interview with CNBC that he expects Bitcoin to reach $200,000 by the end of 2025, noting that the current rally is driven by structural factors and will last for years.

Hougan emphasized that institutional funds are continuously flowing in, while the daily new supply of Bitcoin is only 450 coins, creating a severe imbalance between supply and demand. He believes the market is entering a new phase where "demand consistently exceeds supply," and this force will drive BTC to rise in the long term.

He also mentioned that favorable policies, legislative progress, institutional adoption, and macroeconomic uncertainty together form a "rare synergy" for Bitcoin, which is the fundamental driver of the current increase.