Bitwise Maintains Bullish Bitcoin Price Target of $200,000 in 2025 Amid Institutional Demand

Bitwise Investments remains steadfast in its bullish outlook on Bitcoin, maintaining a price target of $200,000 by 2025, driven by robust institutional interest. According to Chief Investment Officer Matt Hougan, the cryptocurrency market has experienced significant volatility this year, influenced by macroeconomic factors and shifting investor sentiment. Despite Bitcoin’s impressive rally, reaching an intraday high of $112,000 in May fueled by ETF inflows and strategic reserve developments in the U.S., altcoins like Ethereum and Solana have struggled to sustain momentum. Hougan and Research Director Ryan Rasmussen highlighted that while Bitcoin benefits from growing demand among fund managers and potential government reserves, Ethereum and Solana face headwinds that have limited their price appreciation. This nuanced perspective underscores the differentiated performance within the crypto asset class amid ongoing market uncertainties.