Bitwise CIO Projects Bitcoin Will Reach a Six-Figure Price in 2025, Calling It “Exceptional”

The chief investment officer of Bitwise, a crypto asset management firm, anticipates that Bitcoin (BTC) will surpass six figures by the end of the year.

Bitwise CIO Matt Hougan stated in a recent interview with Aaron Arnold on the Altcoin Daily YouTube channel that it appears that a number of factors are aligning to make 2025 a significant year for Bitcoin.

“I believe it will be a new record high. I am confident that Bitcoin will reach six figures. Also, the inquiry is whether it is a single handle or a double handle. Naturally, there are no assurances when I claim that something is certain. This market is high-risk. It is advisable to invest only what you are willing to lose. However, the arrangement for 2025 is truly exceptional.”

According to Hougan, the impacts of the most recent halving event in April, which resulted in a 50% reduction in the rewards of miners, are one of the reasons to be optimistic about Bitcoin.

“This pertains to the period in Bitcoin’s history during which we begin to experience the consequences of the halving.”

Additionally, he anticipates that the spot Bitcoin exchange-traded funds (ETFs) will be “significantly larger” next year. He also cites the Federal Reserve’s reduction in interest rates as additional bullish catalysts.

Hougan is of the opinion that Bitcoin may begin to reach new all-time highs in less than three months. “We at Bitwise believe that the year will conclude with new all-time highs for cryptocurrency. The sole issue was the commencement of the rally. It is feasible that the rally has already commenced.”

Additionally, he contends that investors possess an abundance of liquidity that they can allocate to the cryptocurrency market.

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