Bitcoin's recent rally may just be the beginning, according to Bitwise Chief Investment Officer Matt Hougan, who sees a path for the leading cryptocurrency to more than double in value by year-end.
Bitcoin’s recent rally may just be the beginning, according to Bitwise Chief Investment Officer Matt Hougan, who sees a path for the leading cryptocurrency to more than double in value by year-end.
Speaking during an interview on the David Lin Show, Hougan outlined several converging trends that could send BTC soaring past $200,000 in the coming months.
Despite a 20% climb over the past month, Hougan believes Bitcoin remains undervalued due to lingering economic uncertainty that’s weighed on risk assets across the board. He argues that once macro headwinds settle, the market will begin to reflect a wave of positive developments that have yet to be fully priced in.
These include increasing government interest in holding Bitcoin, clearer regulatory frameworks in key markets, and the ongoing flow of capital from institutional investors. “All of that,” Hougan noted, “sets the stage for explosive growth.”
The key metric, he emphasized, is demand. With supply fixed and predictable, the real drivers will be ETF inflows, corporate acquisitions of BTC, and potential sovereign-level accumulation. If all three continue to gain momentum, Hougan believes a six-figure Bitcoin becomes not just likely, but inevitable.
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