Bitwise to Keep Bitcoin's $200,000 Price Target for 2025

BlockBeats News, July 1st, according to TheBlock, Bitwise Chief Investment Officer Matt Hougan stated that Bitwise maintains a target price of $200,000 for Bitcoin by 2025, but is not very confident that ETH and SOL can set new highs this year.

Matt Hougan and Research Director Ryan Rasmussen stated in a client report: "This year, the prices of cryptocurrencies have been volatile, benefiting from strong inflows into ETFs, increasing demand for Bitcoin fund management companies, and the potential establishment of a strategic U.S. Bitcoin reserve. The price of Bitcoin hit an all-time high in May. However, Ethereum and Solana have both experienced declines so far this year, and macro risks are hindering the accelerated development of the bull market."