Bitwise executive Matt Hougan shared an optimistic outlook for Bitcoin in 2025, predicting that six-digit prices could be reached, possibly even $200,000. Speaking in a YouTube interview, Hougan emphasized that, even if this peak isn't hit, he still expects Bitcoin to reach at least $100,000. Hougan, from the asset management firm Bitwise, which offers a Bitcoin spot ETF, pointed to factors such as the U.S. elections, monetary easing in China, and potential Federal Reserve interest rate cuts as key drivers.
Regarding the upcoming U.S. elections, Hougan stated that the crypto markets seem convinced that a Trump victory would fuel a rally. He noted, "I believe Bitcoin is already rising because people donât want to wait for the elections. Demand is high, and we think a peak could come by the end of the year." Hougan also mentioned that discussions about cryptocurrency from figures like Vice President Harris have helped dispel fears that a Democratic win would negatively affect the market.
He further explained that major institutions are holding back, awaiting more clarity, particularly regarding regulations tied to the election outcome. "Thereâs a significant amount of money waiting on the sidelines," he said, referring to financial advisors, family offices, and institutional investors who are poised to enter the crypto market once conditions become more favorable.
