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Bitwise CIO: Predicts Bitcoin will reach $200,000 by the end of the year.
According to ChainCatcher news and reported by Bitcoin.com News, Bitwise Chief Investment Officer Matt Hougan recently stated in an interview with CNBC that Bitcoin is expected to reach $200,000 by the end of 2025, noting that the current rise is driven by structural factors and will last for many years. Hougan emphasized that institutional funds are continuously flowing in, while the daily new supply of Bitcoin is only 450 coins, leading to a serious supply-demand imbalance. He believes the market is entering a new phase where "demand continues to exceed supply," and this force will drive BTC to rise in the long term. He also stated that the favorable policies, legislative progress, institutional adoption, and macroeconomic uncertainty together form a "rare synergy" for Bitcoin, which is the fundamental driver of the current rise.