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Bitcoin's Value Likely to Exceed $200,000 as Economic Instability Decreases, Predicts Bitwise CIO Matt Hougan - Timeline for This Prediction:
Get ready for some juicy crypto updates, straight from the blockchain universe!
Bitcoin Skyrocketing!
Bitwise's Chief Investment Officer, Matt Hougan, is hopeful about Bitcoin's future price rally. With an impressive 20% gain over the past month, Hougan believes that the Bitcoin price could soar by more than 95% from the current level in the next few months[1][2][3].
In a recent interview, Hougan shared his insights saying, "Our prediction is that Bitcoin is going to eclipse over $200,000 by the end of the year." The optimism is fueled by several fundamental catalysts, including increased institutional demand, ongoing regulatory improvements, and growing corporate investment[1].
Keen Investment Scene
Hougan also points out that the current macroeconomic environment may have held Bitcoin back from rallying more forcefully. Despite the market dip, he remains adamant about Bitcoin's potential to hit new all-time highs and surpass the $200,000 mark[1].
He further stated, "Bitcoin's price is set by supply and demand, and we all know the supply, right. There will only be 21 million, we only make 165,000 new ones a year. To reach $200,000, we have to watch the demand. The three things we need to watch are increased inflows into Exchange-Traded Funds (ETFs), sustained buying from corporations like MicroStrategy and Metaplanet, and governments snapping up Bitcoin."
Currently, Bitcoin is trading at $102,695[1].
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Note: The insights provided in this article are not to be construed as investment advice. Before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets, it is essential to do thorough research. Invest at your own risk. The Daily Hodl is not responsible for any losses you may incur.
[1] Bitwise CIO Predicts Bitcoin's Explosive Price Growth by End of Year: What's Driving the Rally?, The Daily Hodl, accessed on May 16, 2025, [2] HODLX, The Daily Hodl, accessed on May 16, 2025, [3] Industry Announcements, The Daily Hodl, accessed on May 16, 2025, [4] Bitcoin Poised for $500,000? Here's What Analyst Outlines, The Daily Hodl, accessed on May 9, 2025.
Cryptocurrency investing remains a popular topic, with Bitcoin currently trading at $102,695 and predicted to reach over $200,000 by the end of the year according to Bitwise's Chief Investment Officer Matt Hougan [1]. The demand for Bitcoin is a crucial factor, and it's noteworthy to keep an eye on increased inflows into Exchange-Traded Funds (ETFs), sustained buying from corporations, and potential government investments in altcoins.
