Bitwise: Maintain Bitcoin's 2025 target price of $200000 unchanged

On July 1st, according to TheBlock, Bitwise Chief Investment Officer Matt Hougan stated that Bitwise maintains its target price of $200000 for Bitcoin by 2025, but is not very confident that ETH and SOL will reach new highs this year. Matt Hougan and research director Ryan Rasmussen stated in a report to clients: "This year, cryptocurrency prices have fluctuated, thanks to strong inflows from ETFs, growing demand from Bitcoin fund management companies, and the establishment of potential US strategic Bitcoin reserves. Bitcoin prices reached a historic high in May. However, both Ethereum and Solana have experienced declines so far this year, and macro risks are hindering the acceleration of the bull market