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Bitwise Chief Investment Officer (CIO) Matt Hougan has shared a bold prediction: Bitcoin could reach six-figure price levels by 2025, with the potential for new all-time highs. Hougan points to several key factors, including the halving event, the growth of spot Bitcoin ETFs, and the Federal Reserve’s potential rate cuts, as driving forces behind this anticipated surge.
Six-Figure Bitcoin Price Target by 2025
In a recent interview with cryptocurrency influencer Aaron Arnold, Hougan expressed his confidence in Bitcoin’s future. “I believe Bitcoin will reach new highs in 2025. We’ll definitely see six-figure prices. Whether that number starts with a ‘1’ or a ‘2’ remains to be seen, but the potential is extraordinary,” Hougan explained. He cautioned that while the market carries risks, investors should only invest what they are prepared to lose. Still, he remains highly optimistic about 2025, calling it a pivotal year for BTC.
The Impact of Bitcoin Halving
Hougan attributes much of his bullish outlook to the effects of Bitcoin halving, which took place in April, reducing miner rewards by half. “Historically, we begin to see the effects of halving around this time, and it’s starting to make its presence felt,” he noted.
In addition to halving, Hougan predicts that spot Bitcoin ETFs will gain greater importance in the coming year, positively influencing the market. He also emphasized that the Federal Reserve’s anticipated interest rate cuts will act as another catalyst for Bitcoin’s rise.
Bitcoin’s New All-Time Highs Are Imminent
Hougan believes the rally has already started, stating, “At Bitwise, we think this is the year crypto will close at new all-time highs. While there was some uncertainty about when the rally would begin, it’s likely already underway.”
He also highlighted the significant amount of liquidity waiting on the sidelines, suggesting that large capital inflows are poised to enter the market. “There’s a lot of capital sitting on the sidelines, ready to invest,” Hougan added.
For more updates on Bitcoin’s journey to six figures, stay tuned to Turkish NY Radio.
