Bitcoin to hit $200K by year end: Bitwise reaffirms bullish call
The post Bitcoin to hit $200K by year end: Bitwise reaffirms bullish call appeared on BitcoinEthereumNews.com. Bitwise has reiterated its bullish call for Bitcoin to reach $200,000 by year-end. Bitwise said several of its December 2024 predictions for 2025 remain on track. The firm is less certain about the outlook for Ethereum and Solana, both of which have underperformed this year. At the midway point of 2025, digital asset manager Bitwise has reiterated its bullish call for Bitcoin to reach $200,000 by year-end, citing surging institutional interest and a supportive regulatory backdrop. However, the firm is less certain about the outlook for Ethereum and Solana, both of which have underperformed this year. In a note to clients published Tuesday, Bitwise Chief Investment Officer Matt Hougan and Head of Research Ryan Rasmussen reviewed the firm’s 2025 forecasts, offering a mixed assessment of crypto market dynamics so far this year. Bitcoin holds strong, ETH and SOL lag “It’s been a mixed year for crypto asset prices,” Hougan and Rasmussen wrote. “Bitcoin hit a new all-time high of $112,000 in May thanks to strong ETF flows, growing demand from bitcoin treasury companies, and the creation of a US strategic bitcoin reserve.” Bitcoin’s gains stand in contrast to the performance of Ethereum and Solana, which are both down year-to-date. The firm attributes this divergence to broader macroeconomic risks and uneven investor appetite. Still, Bitwise remains optimistic about the second half of the year. “We’re holding firm to our BTC $200k prediction, as there is simply too much institutional demand for BTC to keep prices flat for long,” Hougan said. He added that while the firm is “less confident on ETH and SOL,” developments such as ETF approvals, rising interest in stablecoins, and the emergence of ETH and SOL treasury companies could provide upside. Bitwise’s crypto predictions for 2025 Bitwise said several of its December 2024 predictions…
The post Bitcoin to hit $200K by year end: Bitwise reaffirms bullish call appeared on BitcoinEthereumNews.com.
Bitwise has reiterated its bullish call for Bitcoin to reach $200,000 by year-end. Bitwise said several of its December 2024 predictions for 2025 remain on track. The firm is less certain about the outlook for Ethereum and Solana, both of which have underperformed this year. At the midway point of 2025, digital asset manager Bitwise has reiterated its bullish call for Bitcoin to reach $200,000 by year-end, citing surging institutional interest and a supportive regulatory backdrop. However, the firm is less certain about the outlook for Ethereum and Solana, both of which have underperformed this year. In a note to clients published Tuesday, Bitwise Chief Investment Officer Matt Hougan and Head of Research Ryan Rasmussen reviewed the firm’s 2025 forecasts, offering a mixed assessment of crypto market dynamics so far this year. Bitcoin holds strong, ETH and SOL lag “It’s been a mixed year for crypto asset prices,” Hougan and Rasmussen wrote. “Bitcoin hit a new all-time high of $112,000 in May thanks to strong ETF flows, growing demand from bitcoin treasury companies, and the creation of a US strategic bitcoin reserve.” Bitcoin’s gains stand in contrast to the performance of Ethereum and Solana, which are both down year-to-date. The firm attributes this divergence to broader macroeconomic risks and uneven investor appetite. Still, Bitwise remains optimistic about the second half of the year. “We’re holding firm to our BTC $200k prediction, as there is simply too much institutional demand for BTC to keep prices flat for long,” Hougan said. He added that while the firm is “less confident on ETH and SOL,” developments such as ETF approvals, rising interest in stablecoins, and the emergence of ETH and SOL treasury companies could provide upside. Bitwise’s crypto predictions for 2025 Bitwise said several of its December 2024 predictions…
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