Bitwise Chief Investment Officer Matt Hougan recently told CNBC that Bitcoin is expected to reach $200,000 by the end of 2025, noting that the current rally is driven by structural factors and will continue for many years.
Stressing that institutional money continues to flow in, while the daily supply of bitcoin is only 450 new coins, the supply and demand are seriously out of balance. He believes that the market is entering a new phase of "demand continuing to exceed supply", which will drive the long-term rise of BTC.
He also said that the combination of favorable policies, legislative progress, institutional adoption and macro uncertainty constitutes a "rare combination" for Bitcoin, which is the fundamental driver of the current rise.
Bitwise CIO: Bitcoin will reach $200,000 by the end of the year
2025-07-13 02:25:10
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