TechFlow, July 1 - According to The Block, Bitwise Chief Investment Officer Matt Hougan reaffirmed the firm's forecast for bitcoin to reach $200,000 by the end of 2025, though he expressed reduced confidence in Ethereum and Solana reaching new highs this year.
Hougan said that due to strong institutional demand, bitcoin prices are unlikely to remain flat over the long term. In May, bitcoin hit a record high of $112,000, driven by inflows into bitcoin ETFs, growing demand from corporate treasury holdings, and the establishment of a strategic U.S. bitcoin reserve.
Add to Favorites
Share to Social Media
