Bitwise CIO Forecasts Bitcoin to Reach SixFigure Prices by 2025 Describing it as Extraordinary

Coin World Report:
The Chief Investment Officer of cryptocurrency asset management company Bitwise believes that Bitcoin (BTC) will reach six figures at some point next year.
In a recent interview with Aaron Arnold on the Altcoin Daily YouTube channel, Matt Hougan, the Chief Investment Officer of Bitwise, stated that multiple factors seem to be making 2025 an important year for Bitcoin.
“I think it will be a new all-time high. I think it will definitely be a six-figure Bitcoin. The question is, will it be a single-handle or a double-handle? Of course, when I say ‘definitely,’ there are no guarantees. This is a risky market. You should only invest what you can afford to lose. But the setup for 2025 is really special.”
Hougan mentioned that one of the reasons he is bullish on Bitcoin is the recent halving event in April, which reduced miners’ rewards.
“This is the period in Bitcoin’s history where you start to feel the effects of the halving.”
He also expects that next year, spot Bitcoin exchange-traded funds (ETFs) will “be bigger.” He stated that other bullish catalysts include the Federal Reserve’s interest rate cuts.
Hougan believes that Bitcoin could start setting new all-time highs within the next three months.
“Our perspective at Bitwise is that cryptocurrencies will set new all-time highs by the end of the year. It’s just a question of when the rebound starts. The rebound may have already started.”
He also mentioned that investors have sufficient liquidity to enter the cryptocurrency market.
“There is a lot of money on the sidelines.”
At the time of writing, the trading price of Bitcoin is $67,028.
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