Matt Hougan, a manager at Bitwise, an asset management firm that also has a Bitcoin spot ETF product, said he is seriously hopeful about 2025. Hougan; He emphasised the US elections, monetary expansion steps in China and Fed interest rate cuts.
“They are convinced of Trump”
Stating that he thinks the crypto markets are convinced that the rise will come if Trump wins, Hougan said that he believes that the price rally has also started:
“I think it’s going to be a new all-time high. I think it’s going to be six-figure Bitcoin for sure. And the question is, is it a one handle or is it a two handle? When I say for sure, of course, there are no guarantees. It’s a risky market. You should only invest what you can lose. But the setup for 2025 is really exceptional. This is about the period in Bitcoin’s history where you start to feel the effects of the halving.”
“There is a really significant amount of money on the sidelines”
Stating that large institutions are still waiting for the election and that they think there is still uncertainty in terms of ‘authorisation’ for crypto, Hougan noted that there is ‘big money’ waiting to enter here:
“Our view at Bitwise is that crypto will end the year at new all-time highs. It was just a question of when the rally would begin. It’s possible the rally has already begun.. There is a really significant amount of money on the sidelines. There is nothing worse than uncertainty. So they are waiting. If the rises continue, if $70,000 is strongly exceeded, then these groups will start to think that it is time to get on the train.”
‘’$200,000 can come in‘’
Stating that he thinks Bitcoin will definitely reach a new peak or even a 6-digit figure in 2025, Hougan used the following statements:
‘Of course, we are in a risky market, but I think Bitcoin will reach a new peak and even go to 6-figure price in 2025. I think 2025 will be a special year. Next year we will start to see the real effects of halving. ETFs should not be forgotten. There will be more investment on that side as well. Monetary expansion in China, Fed’s interest rate cuts… I think these are the biggest indicators that 2025 will be strong and positive. I even think the price can go up to 200 thousand dollars. Even if not, at least 6-digit figures will come.’
“Ethereum is still very strong…”
Stating that his expectations for the Ether price are also high, Hougan said, ‘Ethereum is seen as old technology by some. DeFi, fixed coins, altcoins… Look at all these… Who is the leader of all these areas? Still Ethereum… Ethereum is still very strong. I have high expectations for next year,’ he said.