Crypto asset manager Bitwise believes Bitcoin (BTC) remains on track to hit its price target in 2025.
In a new report, Bitwise executives Matt Hougan and Ryan Rasmussen double down on their prediction that Bitcoin will hit $200,000 within six months, a more than 88% increase from its current value.
“It’s been a mixed year for crypto asset prices…
We’re optimistic, however, that things are setting up for a very strong H2 (second half of the year). Progress in D.C. around crypto legislation, rising demand from institutional investors for crypto exposure and extreme bullishness around stablecoins are combining to create a strong environment for gains.
The bottom line: we’re holding firm to our BTC $200,000 prediction, as there is simply too much institutional demand for BTC to keep prices flat for long.”
The investors also say that there are bullish catalysts that may spark explosive rallies for Ethereum (ETH)…
