Bitwise’s Matt Hougan maintains Bitcoin hits $200,000 by the end of the year

Bitwise Chief Investment Officer Matt Hogan laid out a compelling, bullish paper Bitcoin (Crypto: BTC) and Ethereum (Crypto: ETH), explosive reverse cites powerful demand shocks as their catalyst Next 18 months.

what happened: in Podcasts By Scott Mercer, Hougan predicts that Bitcoin will reach $200,000 by the end of 2025.

He called the surge a “math problem,” and emphasized, “If demand is five to ten times more, prices tend to rise. I think that’s what Crypto is talking about now.”

He pointed out an increase in corporate recruitment. strategy (Nasdaq:MSTR) and other Ministry of Finance allocators as an important part of the demand puzzle.

The imbalance is even more pronounced in Ethereum, Hougan said.

Since mid-May, businesses and ETFs have purchased 32 times more ETH than they have been issued, causing what he calls a “demand shock.”

Inflows into ETH ETFs have skyrocketed to $4.4 billion this month alone, suggesting an early stage of a major institutional repositioning.

Read again: Dogcoin under pressure as a short retailer for Bitcoin, Ethereum, XRP and FOMC

Why is it important: Hougan says the next major catalyst could be integration into crypto retirement accounts, highlighting Donald Trump’s proposal to allow the 401(k) and IRA to invest in Bitcoin.

“This is a $8 trillion retirement account and could be exposed to Bitcoin,” Hougan said. “It’s like the government-mandated DCA, with 20 million Americans regularly putting 2.5% of their wealth in BTC.”

This growing infrastructure is driving what Hougan calls “Tradfi Altcoin season.” Investors spin profits from Bitcoin ETFs to Ethereum, Crypto-Treasury companies, and other digital assets.

Ark Invest recently showed off this trend and sold out Coinbase (Nasdaq:coin) Stock purchase Tom LeeBitcoin finance company.

Bitwise also considers Bitcoin Holdings’ yield generation as the most in demand service of its institutional clients, providing further evidence of the dynamics of a mature market.

Read next:

Image: ShutterStock

Next: Transform your trading with Benzinga Edge’s unique market trading ideas and tools. Click now to access unique insights It can move you forward in today’s competitive market.

Get the latest inventory analysis from Benzinga?

This article Bitwise’s Matt Hougan maintains Bitcoin hits $200,000 by the end of the year It originally appeared Benzinga.com

©2025 Benzinga.com. Benzinga does not provide investment advice. Unauthorized reproduction is prohibited.