According to ChainCatcher, citing Bitcoin.com News, Matt Hougan, Chief Investment Officer of Bitwise, recently stated in a CNBC interview that he expects Bitcoin to reach $200,000 by the end of 2025, pointing out that the current upward trend is driven by structural factors and will continue for years.
Hougan emphasized that institutional funds are continuously flowing in, while Bitcoin's daily new supply is only 450 coins, creating a severe supply-demand imbalance. He believes the market is entering a new phase where "demand continuously exceeds supply", and this force will drive BTC's long-term appreciation.
He also stated that policy benefits, legislative progress, institutional adoption, and macroeconomic uncertainty together constitute a "rare synergy" for Bitcoin, which is the fundamental driver of its current rise.
