Bitwise foresees Bitcoin hitting $200,000 in 2025

Bitwise executives foresee a surge in Bitcoin's (CRYPTO:BTC) price due to increasing global economic instability.

Bitwise CEO Hunter Horsley and head of alpha strategies Jeff Park suggest macroeconomic indicators point toward a coming increase for Bitcoin.

On February 16, Park stated in a post on X that the "World is literally on the brink of max chaos," listing factors like the Republican budget plan for a $4 trillion debt limit increase.

The plan aims to boost government spending, increasing deglobalisation, and the threat of reciprocal tariffs from Donald Trump.

Park added that "max retardation" could occur in the markets.

He cited a potential "gold run tail risk," GOP's "unprecedented tax cuts," potentially up to $4.5 trillion, and imminent yield curve control (YCC).

Horsley stated that the public is "wildly underestimating the massive leaps Bitcoin is going to take into the mainstream this year."

He emphasised the potential for significant gains.

Although Federal Reserve Chair Jerome Powell dampened expectations for interest rate cuts, Bitwise executives are still positive about Bitcoin's prospects.

They view current market conditions as a "generational opportunity" for Bitcoin.

Bitcoin has recently fluctuated between $90,000 and $100,000, after reaching nearly $109,000 at the time of Trump's inauguration.

The Crypto Fear & Greed Index currently scores 51, indicating a "Neutral" market sentiment.

Additional sources note that Bitwise is very bullish on Bitcoin for 2025 and predicts it could reach $200,000.

They cited decreased supply because of the 2024 halving, growing institutional interest, and potential government involvement.

At the time of reporting, the Bitcoin (BTC) price was $96,020.37.