#BinanceSquareTalks $BTC
BITCOIN AT 200K
What price will bitcoin reach in 2025? Bitwise provides its projection for the second half
The investment firm anticipates that bitcoin, ether, and solana will reach new all-time highs this year
Bitwise projects that the three digital assets will exceed their all-time highs by the end of 2025. Source: Image generated by CriptoNoticias in Grok.
A "very strong second half" is coming, say Matt Hougan and Ryan Rasmussen.
The growing institutional adoption drives the prices of bitcoin and cryptocurrencies.
Bitwise, a digital asset management firm, predicts that bitcoin (BTC) and two of the leading cryptocurrencies, solana (SOL) and ether (ETH), the native cryptocurrency of Ethereum, will reach new all-time highs in the second half of the year.
Matt Hougan, Bitwise's Chief Investment Officer, and Ryan Rasmussen, Head of Research, emphasized: “we are optimistic and believe that the outlook is consolidating for a very strong second half”
For this reason, they project that the price of BTC will reach $200,000, as institutional demand for the currency created by Satoshi Nakamoto is “too excessive to keep prices stable for long.”
This is because more and more companies are accumulating BTC in their treasuries as a reserve asset. To do this, they are implementing the strategy designed by Michael Saylor, the CEO of Strategy, who issues debt through convertible bonds or stocks to fund BTC purchases without relying on their operating income.
It is worth noting that 850,000 BTC, which represents about 4% of the maximum supply of 21 million BTC, are currently held by publicly traded companies. This figure is supplemented by about 290,878 BTC —equivalent to 1.34% of the total— that are in the hands of private companies.
