Bitwise CIO Forecasts Bitcoin to Reach Six Figures by 2025

Coin World Report:
The Chief Investment Officer of crypto asset management company Bitwise believes that Bitcoin (BTC) will reach six figures at some point next year.
In a recent interview with Aaron Arnold on the Altcoin Daily YouTube channel, Matt Hougan, the Chief Information Officer of Bitwise, said that multiple factors seem to be making 2025 an important year for Bitcoin.
“I think it will be a new all-time high. I think it will definitely be a six-figure Bitcoin. The question is, will it be a single handle or a double handle? Of course, when I say definitely, there are no guarantees. It’s a risky market. You should only invest what you can afford to lose. But the setup for 2025 is really special.”
Hougan stated that one of the reasons he is bullish on Bitcoin is the impact of the most recent halving event in April, when miner rewards were cut in half.
“This is the period in Bitcoin’s history where you start to feel the impact of the halving.”
He also predicted that next year, the trading volume of spot Bitcoin exchange-traded funds (ETFs) “will be bigger.” He said that other bullish catalysts include a rate cut by the Federal Reserve.
Hougan believes that Bitcoin could start setting new all-time highs in less than three months.
“Our view at Bitwise is that cryptocurrencies will set new all-time highs by the end of the year. It’s just a question of when the rebound begins. The rebound may have already started.”
He also mentioned that investors have enough liquidity to enter the cryptocurrency market.
“There is a lot of money off the exchanges.”
At the time of writing, the trading price of Bitcoin is $67,028.
 
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