Bitcoin to $200,000? Ultra-Bullish Prediction Issued by Bitwise CIO

Bitcoin (BTC) has recorded impressive growth figures, with an over 12% increase in the last 30 days. Despite this significant growth, investors continue to anticipate staggering breakout numbers, as highlighted by Matt Hougan, Bitwise’s chief investment officer (CIO).

Bitcoin’s historical data supports growth projections

In a post by Bitwise, Hougan predicts that the flagship cryptocurrency could soar to $200,000 by the end of 2025. That is, the coin must increase by an additional $81,000, representing almost 70% growth. This bold prediction reflects Hougan’s bullish outlook for Bitcoin’s future performance.

Although the figure appears impossible, Bitcoin has a history of following remarkable growth trajectories. For instance, the price jumped from about $11,000 in October 2020 to a staggering $60,000 in April 2021, just six months later.

Similarly, Bitcoin’s price fluctuated around $110,000 for more than a week before its recent breakout, which shot it to a new all-time high (ATH). Notably, on July 13, 2025, BTC set a new ATH of $123,091.

Hence, Hougan’s prediction relies on sustained institutional demand and the increasing adoption that Bitcoin is experiencing in the broader cryptocurrency space. Even one early Bitcoin adopter, Jeremie Davinci, believes that, at some point, BTC will never drop below $100,000.

Bitcoin institutional demand reaches new heights

Recently, there has been an uptick in institutional interest in acquiring Bitcoin, with most traditional financial entities turning to it as a store of value. Interestingly, their demand was one of the catalysts for the recent bullish rally that took Bitcoin to its new ATH.

Business intelligence firm Strategy has resumed its aggressive acquisition moves after a two-week hiatus. Metaplanet has also maintained a steady increase in its holdings, climbing in the rankings among corporate holders.

Amid all of these accumulations and growing demand, Bitcoin has the potential to soar in value, given its limited supply of 21 million. As observed by notable stakeholders in the crypto space, not everyone would own a Bitcoin, as some would not take the necessary steps to acquire the digital asset.