Bitwise CIO predicts that Bitcoin will reach $200000 by the end of the year

According to Golden Finance, Bitwise Chief Investment Officer Matt Hougan recently stated in an interview with CNBC that he expects Bitcoin to reach $200000 by the end of 2025, and pointed out that the current upward trend is driven by structural factors and will continue for many years. Hougan emphasized that institutional funds continue to flow in, while the daily new supply of Bitcoin is only 450, resulting in a serious imbalance between supply and demand. He believes that the market is entering a new stage where demand continues to exceed supply, and this force will drive BTC's long-term rise. He also stated that the combination of favorable policies, legislative progress, institutional adoption, and macro uncertainty constitutes a "rare synergy" for Bitcoin, which is the fundamental driving force behind the current rise.