logo

Bitwise CIO Predicts Bitcoin’s Explosion

By: bitcoin ethereum news|2025/05/16 10:45:04
0
Share
copy
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin hovered around $102,600 today after briefly touching $105,000. The dip didn’t shake everyone. Many still bet on a major rally. According to Bitwise CIO Matt Hougan in an interview yesterday, there’s a path for Bitcoin to hit $200,000 by December 31. He points to growing ETF inflows, more corporate buying, and what he sees as open‐door government policies. Related Reading Supply And Demand Gap Widens Supply is fixed at 21 million coins, with about 165,000 new Bitcoin mined each year. ETF funds, on the other hand, snapped up roughly 500,000 Bitcoin over the past 12 months. Based on reports, that’s more than three times the annual supply. When fresh coins can’t keep pace with big buyers, prices get pushed up. Corporate And Government Holding Rises Companies such as Strategy continue to add Bitcoin to their balance sheets. Based on reports, the US government already has over $17 billion in seized or held Bitcoin. There’s even talk of an executive order to source more without tapping taxpayers. Some say that could mean swapping gold reserves or selling other crypto assets. Abroad, Abu Dhabi reportedly paid $460 million for new Bitcoin, and at least 10 other governments may follow this year. Timing And Economic Volatility Hougan says Bitcoin’s big run was delayed by a spell of economic turbulence. Stocks have slid, and risk assets all felt the heat. He argues that once volatility eases, Bitcoin’s momentum will kick back in. It makes sense on paper. Yet markets can surprise. A sudden move by the Federal Reserve or a shift in borrowing costs might slow the climb again. Other Analyst Forecasts Align It’s not just Bitwise calling for $200,000. Bernstein senior analyst Gautam Chhugani has that number on his radar for 2025. And Intuit Trading’s Blockchaindaily team redrew a trendline after Bitcoin bottomed at $74,000 in April. Their line now points to $200,000 by July 2025. To go from $102,600 to $200,000, Bitcoin needs to climb about 95%. That’s a big leap, even if history shows crypto can move fast. Related Reading Looking Ahead With Caution Meanwhile, there are clear risks on the horizon. Changes in tax rules, new trading fees, or a surprise rate hike could push prices down. Still, many believe those hurdles will clear. If ETF demand stays strong and big holders keep buying, Bitcoin may well break past its old highs. For now, investors will keep one eye on short‐term swings and another on that $200,000 milestone. Featured image from Gemini Imagen, chart from TradingView Source: https://www.newsbtc.com/news/ticking-clock-to-200k-bitwise-cio-predicts-bitcoins-price-explosion/

You may also like

Tom Lee's Ethereum Thesis: Why the Man Who Called the Last Cycle Is Doubling Down on Bitmine

Tom Lee is emerging as one of Ethereum’s most influential supporters. From Fundstrat to Bitmine, his Ethereum thesis combines staking yield, treasury accumulation, and long-term network value. Here is why “Tom Lee Ethereum” has become one of crypto’s most watched narratives.

Naval personally takes the stage: The historic collision between ordinary people and venture capital

Naval personally stepped in as the chairman of the USVC Investment Committee. This SEC-registered fund launched by AngelList attempts to bring top private tech assets like OpenAI, Anthropic, and xAI to the general public with a $500 entry threshold. It is not just a new fund, but a structural experi...

a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins

Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.

Refutation of Yang Haipo's "The End of Cryptocurrency"

This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...

Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets

Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."

Popular coins

Latest Crypto News

Read more