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Bitwise: Maintain Bitcoin's target price of $200,000 for 2025 unchanged.
BlockBeats news, on July 1, reported by TheBlock, Bitwise Chief Investment Officer Matt Hougan stated that Bitwise maintains a target price of $200,000 for Bitcoin in 2025, but he is not very confident about whether ETH and SOL can reach new highs this year. Matt Hougan and Research Director Ryan Rasmussen stated in a report to clients: “This year, the prices of encryption assets have fluctuated, benefiting from strong inflows into ETFs, the growing demand for Bitcoin fund management companies, and the potential establishment of a U.S. strategic Bitcoin reserve. The price of Bitcoin reached an all-time high in May. However, both Ethereum and Solana have declined so far this year, and macro risks are hindering the acceleration of the bull run.”