PANews reported on July 1, according to The Block, that Bitwise Chief Investment Officer Matt Hougan stated that Bitwise is sticking to its $200,000 Bitcoin price target for 2025, citing strong institutional demand, but is not very confident that ETH and SOL will reach new highs this year.
Matt Hougan and research director Ryan Rasmussen stated in a report to clients: "This year, the prices of crypto assets have fluctuated, thanks to strong inflows into ETFs, increasing demand from Bitcoin fund managers, and the potential establishment of a strategic U.S. Bitcoin reserve. Bitcoin's price reached 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."
