Bitwise CIO predicts Bitcoin will reach $200,000 by year-end

According to ChainCatcher, as reported by Bitcoin.com News, Bitwise Chief Investment Officer Matt Hougan recently stated in an interview with CNBC that he expects Bitcoin to reach $200,000 by the end of 2025, noting that the current rally is driven by structural factors and is likely to last for years.

Hougan emphasized that institutional capital continues to flow in, while the daily new supply of Bitcoin is only 450 coins, resulting in a severe supply-demand imbalance. He believes the market is entering a new phase where “demand consistently exceeds supply,” and this dynamic will drive BTC’s long-term growth.

He also stated that favorable policies, legislative progress, institutional adoption, and macroeconomic uncertainty together form a “rare confluence” for Bitcoin, which is the fundamental driver behind the current rally.