Bitwise CIO Predicts Bitcoin’s Explosion

By: bitcoin ethereum news|2025/05/16 10:45:04
0
Share
copy
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin hovered around $102,600 today after briefly touching $105,000. The dip didn’t shake everyone. Many still bet on a major rally. According to Bitwise CIO Matt Hougan in an interview yesterday, there’s a path for Bitcoin to hit $200,000 by December 31. He points to growing ETF inflows, more corporate buying, and what he sees as open‐door government policies. Related Reading Supply And Demand Gap Widens Supply is fixed at 21 million coins, with about 165,000 new Bitcoin mined each year. ETF funds, on the other hand, snapped up roughly 500,000 Bitcoin over the past 12 months. Based on reports, that’s more than three times the annual supply. When fresh coins can’t keep pace with big buyers, prices get pushed up. Corporate And Government Holding Rises Companies such as Strategy continue to add Bitcoin to their balance sheets. Based on reports, the US government already has over $17 billion in seized or held Bitcoin. There’s even talk of an executive order to source more without tapping taxpayers. Some say that could mean swapping gold reserves or selling other crypto assets. Abroad, Abu Dhabi reportedly paid $460 million for new Bitcoin, and at least 10 other governments may follow this year. Timing And Economic Volatility Hougan says Bitcoin’s big run was delayed by a spell of economic turbulence. Stocks have slid, and risk assets all felt the heat. He argues that once volatility eases, Bitcoin’s momentum will kick back in. It makes sense on paper. Yet markets can surprise. A sudden move by the Federal Reserve or a shift in borrowing costs might slow the climb again. Other Analyst Forecasts Align It’s not just Bitwise calling for $200,000. Bernstein senior analyst Gautam Chhugani has that number on his radar for 2025. And Intuit Trading’s Blockchaindaily team redrew a trendline after Bitcoin bottomed at $74,000 in April. Their line now points to $200,000 by July 2025. To go from $102,600 to $200,000, Bitcoin needs to climb about 95%. That’s a big leap, even if history shows crypto can move fast. Related Reading Looking Ahead With Caution Meanwhile, there are clear risks on the horizon. Changes in tax rules, new trading fees, or a surprise rate hike could push prices down. Still, many believe those hurdles will clear. If ETF demand stays strong and big holders keep buying, Bitcoin may well break past its old highs. For now, investors will keep one eye on short‐term swings and another on that $200,000 milestone. Featured image from Gemini Imagen, chart from TradingView Source: https://www.newsbtc.com/news/ticking-clock-to-200k-bitwise-cio-predicts-bitcoins-price-explosion/

You may also like

The arrival of the Web 3.0 era: A review of Hong Kong court rulings on digital assets

Hong Kong judiciary landmark: The court officially recognizes cryptocurrency as legal property and introduces the "tokenized injunction" to track and freeze involved funds, comprehensively upgrading the protection of digital asset investors.

Track Markets At a Glance: New WEEX Price Widgets for iOS & Android

To streamline your market data access, WEEX has officially launched "Market Watchlist" desktop widgets

The billion-dollar lesson: The focus of DeFi security is shifting from code to operational governance

Warning of nearly $1 billion loss in DeFi: Security pain points have shifted from code vulnerabilities to permissions and operations. Introducing TradFi bank-level risk control and AI defenses is the way to balance openness and security.

A Brief Analysis of Stablecoin Licenses and On-Chain Funding

Hong Kong accelerates the layout of digital finance, providing a panoramic analysis of the evolution of three major on-chain financial forms: central bank digital currency, deposit tokens, and stablecoins, along with future opportunities.

BVNK Founder: Three Stages of Stablecoin Development

Once payments become faster, cheaper, and globally interconnected, stablecoins will not just open up a new market, but a new realm with boundaries that are not yet visible today.

The truth about Trump's son's Bitcoin game: he made a staggering $100 million while retail investors lost $500 million

The Trump family has a family skill: to exaggerate and make something sound bigger than it actually is.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com