Bitwise Maintains 'Bitcoin $200,000' Forecast… "Achievable This Year"

Cryptocurrency asset management firm Bitwise has maintained its previous forecast that the price of Bitcoin (BTC) will reach $200,000 within this year.

Matt Hougan, Chief Investment Officer (CIO) of Bitwise, stated on the 9th (local time) through the official website, "Bitwise predicted last December that Bitcoin would reach $200,000 by the end of this year," and added, "(This forecast) is still valid." Hougan CIO said, "The intrinsic value of Bitcoin is simple," and "In times of international disorder and unstable currency systems, if you are looking for an asset with scarcity and global digital store value that is not controlled by governments, there are few alternatives."

Hougan CIO emphasized that the tariff policy of the Trump administration's second term is aimed at 'weakening the dollar.' He said, "In the short term, a weaker dollar is favorable for Bitcoin," and analyzed, "Over the past five years, when the dollar's value fell, Bitcoin tended to rise, and this pattern will continue."

Additionally, Hougan CIO stated, "In the long term, changes in the global macro system create opportunities for new reserve assets to emerge," and "Governments and companies use the dollar for its stability, but if that stability is questioned, they need to find other alternatives." He added, "(The financial system) will move from a single reserve system centered on the dollar to a multipolar system where 'hard money' like gold and Bitcoin play important roles."