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Bitwise’s chief investment officer (CIO) Matt Hougan has predicted that crypto market leader Bitcoin (BTC) will reach $200K by the end of 2025.
“What’s happening right now is you have a huge amount of good news in Bitcoin,” Hougan said in a May 15 interview with YouTuber David Lin. In addition to the US strategic Bitcoin reserve, Hougan said “improvements on the regulatory front” and “institutional adoption” could all boost BTC’s price soon.
A Lot Of Good Bitcoin News Will Eventually Be Reflected In BTC’s Price
Even with the abundance of “good news” around BTC, the crypto has been unable to revisit its all-time high of $109,114.88 that it set on Jan. 20. According to Hougan, this is because there is a “bunch of economic uncertainty that’s caused not just Bitcoin but all risky assets to fall.”
Nevertheless, the Bitwise CIO remains confident that as the economic volatility subsides, the market will begin to see all that good news catch up to Bitcoin, propelling it to a new all-time high above $200,000 this year.
The $200K Bitcoin price scenario will remain in play as long as Bitcoin ETF (exchange-traded fund) inflows continue to rise, firms like Strategy and Metaplanet continue to buy Bitcoin, and governments continue buying the crypto, he said.
BTCBULL Offers Retail Investors Exposure To Bitcoin At An Affordable Price
The improving macro backdrop, after Donald Trump pulled back on his trade war against the world, has reignited interest in projects that give exposure to Bitcoin’s upside.
While Bitcoin ETFs and institutional purchases dominate headlines, there’s a dearth of affordable opportunities for retail investors to gain exposure to BTC’s future performance.
That’s where BTC Bull Token (BTCBULL) comes in, a crypto that’s designed to ensure that Bitcoin’s rise benefits more than just whales and institutions.
BTCBULL is founded on the idea that Bitcoin is headed to $1 million and beyond. Instead of just tracking BTC’s price, BTCBULL is designed to reward believers in Bitcoin’s long-term trajectory by airdropping free BTC to holders when milestone prices are hit.
BTC Bull Token will also burn its tokens at certain price milestones, adding upward pressure to the BTCBULL price.
Real Bitcoin Airdrops Start At $150K
The Bitcoin airdrops will start when BTC hits $150K for the first time, with additional airdrops for every $50K increase thereafter.
Meanwhile, the BTCBULL token burns will follow the same milestone-based schedule but will start earlier, with the first of these events set to happen when Bitcoin hits $125K. Every subsequent $25K increase in the Bitcoin price will trigger another burn.
The popular YouTube channel 99Bitcoins, with over 724K subscribers, says the BTCBULL meme coin could surge 10X after its launch.
Early demand for the token is already soaring, with the project’s ongoing presale raising over $5.8 million so far.
BTCBULL tokens sell for just $0.002515 apiece, so you don’t need to be a whale to join the presale. Interested investors should buy before a price hike in less than 2 days.
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