Bitcoin Predicted To Hit 6-Figure Price In 2025, Bitwise CEO Says Next Year Will Be ‘Exceptional’ For King Crypto – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

Bitcoin BTC/USD enthusiasts have reason to be optimistic as the Chief Investment Officer of Bitwise, Matt Hougan, has projected that the apex crypto could hit a six-figure price by 2025.

What Happened: Hougan cited several factors that could propel Bitcoin’s price upward, in a recent interview on the Altcoin Daily channel.

He pointed to the recent halving event in April, which slashed miners’ rewards by half, as a significant influence on Bitcoin’s market dynamics.

“I think it’s going to be a new all-time high. I think it’s going to be six-figure Bitcoin for sure,” said Hougan.

“It’s a risky market. You should only invest what you can lose. But the setup for 2025 is really exceptional.”

Additionally, Hougan expects spot Bitcoin exchange-traded funds (ETFs) to become more prominent next year. He also highlighted potential Federal Reserve rate cuts as a bullish catalyst for Bitcoin’s price increase.

Hougan…