As Bitcoin continues to break new records, this rally is expected to gain further momentum in 2025.
At this point, while high levels such as $180,000 – $200,000 are among the estimates, Bitwise CIO predicted that Bitcoin could reach $500,000.
Bitcoin (BTC) Could Reach $500,000!
Bitwise’s Chief Investment Officer (CIO) Matt Hougan said in a recent interview with Yahoo Finance that if the United States were to adopt Bitcoin as a strategic reserve asset, the price of Bitcoin could skyrocket to $500,000.
He added that the US adopting BTC as a reserve asset or similar actions by other countries would cause a huge increase in the value of Bitcoin and would be a bigger rally compared to the 2024 bull market.
The Bitcoin Policy Institute (BPI) recently prepared a blueprint for the new US administration under President-elect Donald Trump, who vowed to make Bitcoin a strategic reserve asset. Additionally, several US state legislatures, including Texas and Ohio, have introduced state-level bills for Bitcoin reserve strategies.
Matt Hougan also drew attention to altcoins with upward potential other than Bitcoin. At this point, Hougan stated that altcoins such as Ethereum (ETH), Solana (SOL) and Polygon (MATIC) have upward potential and predicted that they could make a big explosion in the future.
Hougan stated that investors are no longer focused solely on Bitcoin and that the altcoin market is starting to attract more attention. In this context, Hougan said that projects such as Ethereum, Solana and Polygon should be focused on.
*This is not investment advice.
