TechFlow, July 13 — According to Bitcoin.com News, Bitwise Chief Investment Officer Matt Hougan said in a recent CNBC interview that he expects bitcoin to reach $200,000 by the end of 2025, noting that the current rally is driven by structural factors and will last for years.
Hougan emphasized that institutional capital continues to flow in while bitcoin's daily new supply is only 450 coins, creating a severe imbalance between supply and demand. He believes the market is entering a new phase of "demand consistently exceeding supply," a force that will drive long-term BTC price increases.
He also stated that favorable policies, legislative progress, institutional adoption, and macroeconomic uncertainty together form a "rare confluence" supporting bitcoin, constituting the fundamental drivers behind the current rise.
