Odaily Planet Daily News Bitwise Chief Investment Officer Matt Hougan said that Bitwise sticks to its $200,000 Bitcoin price target in 2025, citing strong institutional demand, but is not too confident that ETH and SOL can hit new highs this year.
Matt Hougan and research director Ryan Rasmussen said in a report to clients on Tuesday: "Crypto asset prices have been mixed this year. Thanks to strong inflows from ETFs, growing demand from Bitcoin fund management companies, and the establishment of potential U.S. strategic Bitcoin reserves, Bitcoin prices hit a record high of $112,000 in May. But Ethereum and Solana have both fallen so far this year, and macro risks have hindered the acceleration of the bull market." (The Block)