Matt Hougan – Chief Technology Officer (CTO) of the leading cryptocurrency investment fund Bitwise – has just made an optimistic statement: Bitcoin could very well surpass the $200,000 mark before the end of 2025 if supportive factors continue to converge.
According to him, three main drivers are helping the market enter a strong bullish cycle:
The US government has for the first time held Bitcoin in a strategic reserve fund, showing acceptance and viewing it as a long-term valuable asset.
The cryptocurrency legal framework is becoming increasingly clear and positive, creating conditions for large institutions to participate in the market.
Funds from institutions and companies like MicroStrategy and MetaPlanet continue to flow into the market, reinforcing confidence in Bitcoin's value.
However, Hougan believes the current Bitcoin price does not accurately reflect this potential, primarily due to the unstable global economic environment affecting investor sentiment towards risky assets.
When the economy stabilizes, positive factors will catch up with market prices, and that could be the time Bitcoin breaks into unprecedented price levels.
He also points out that current demand far exceeds supply:
Last year, funds#ETF purchased about500,000 BTC
Public companies bought an additional 250,000 BTC
He predicts the government could accumulate several hundred thousand BTC this year
Meanwhile, the number of newly issued BTC each year is only about 165,000, meaning supply is almost insufficient to meet demand – and prices will have to rise higher to 'convince' long-term holders to sell.
The user perspective on crypto: This is the time when large funds, businesses, and even governments are quietly accumulating Bitcoin. For the Binance community, this trend reinforces the view that Bitcoin and the crypto market still have significant growth potential in the long term.
Despite positive prospects, the market still carries risks. Invest strategically and understand the products you are holding.