Bitwise Predicts Bitcoin to Exceed US$200,000 by the End of 2025
CEO of Bitwise, Matt Hougan, expressed his belief that the price of Bitcoin (BTC) will surpass US$200,000 before the end of this year. In his interview at the Digital Asset Summit 2025, Hougan assessed that there are many positive factors that have not yet fully reflected in the current price of Bitcoin.
According to him, these positive sentiments include:
- Bitcoin ownership by the United States government
- Improvements in crypto regulation
- Significant increase in institutional adoption
However, Hougan also noted that global economic uncertainty remains a major hindrance, meaning that risk assets like stocks and crypto have not fully reflected the actual market sentiment.
He emphasized that the price of Bitcoin is heavily dependent on supply and demand mechanisms. With a limited supply of Bitcoin (max 21 million coins and an annual production of around 165,000 BTC), the primary focus is on market demand.
There are three main indicators that he believes could drive the price of BTC to reach US$200,000:
1. Spot Bitcoin ETFs continue to record high capital inflows.
2. Large companies like MicroStrategy and MetaPlanet continue to increase their Bitcoin holdings.
3. Governments are beginning to directly engage in Bitcoin investments.
Hougan concluded that if these three factors continue to develop, the price target of US$200,000 is very likely to be achieved before the end of 2025.
> Disclaimer: Not financial advice. Do your own research before making investment decisions (DYOR)
