Bitcoin Can Hit $250,000 in the Next Bull Run, Bitwise's Matt Hougan Predicts

Benzinga08-04

Bitcoin (CRYPTO: BTC) is in the process of forming a market bottom, according to Bitwise Chief Investment Officer Matt Hougan, who expects the next crypto bull market to be driven less by speculation ...

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Next bull market driven by tokenization, DeFi and institutional adoption. He estimates BTC to reach $250-400K and it is on the way to $1 million in long-term.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DEFI":"比特币期货ETF-Hashdex","CBOO":"Calamos Bitcoin Structured Alt Protection ETF - October","BRRR":"比特币ETF-CoinShares","DFII":"FT Cboe Vest Bitcoin Strategy & Target Income ETF","BTCO":"比特币ETF-Invesco Galaxy","BPI":"Grayscale Bitcoin Premium Income ETF","CBTO":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - October","MNRS":"GRAYSCALE BITCOIN MINERS ETF","FBTC":"比特币ETF-Fidelity","CBTY":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - July","EZBC":"比特币ETF-Franklin","BITU":"2倍做多比特币期货ETF-Proshares","BFAP":"FT Vest Bitcoin Strategy Floor15 ETF - April","CBXA":"Calamos Bitcoin 90 Series Structured Alt Protection ETF – April","BTRN":"比特币期货ETF-Global X","CBOY":"Calamos Bitcoin Structured Alt Protection ETF - July","GBTC":"比特币ETF-Grayscale","BTCW":"比特币ETF-Wisdom Tree","CBXJ":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - January","SBIT":"2倍做空比特币期货ETF-Proshares","BCCC":"Global X Bitcoin Covered Call ETF","BITX":"2倍比特币期货ETF-Volatility Shares","BTCZ":"T-Rex 2X Inverse Bitcoin Daily Target ETF","QBF":"Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly","BAGY":"Amplify Bitcoin Max Income Covered Call ETF","BITY":"Amplify Bitcoin 2% Monthly Option Income ETF","BTCL":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","IBIT":"比特币ETF-iShares","CBXO":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - October","BTC":"Grayscale Bitcoin Mini Trust","CBXY":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - July","ARKB":"比特币ETF-21Shares","CBOA":"Calamos Bitcoin Structured Alt Protection ETF - April","BTCC":"Grayscale Bitcoin Covered Call ETF","BITB":"比特币ETF-Bitwise","BITO":"比特币期货ETF-ProShares","CBOJ":"Calamos Bitcoin Structured Alt Protection ETF - January","CBTA":"Calamos Bitcoin 80 Series Structured Alt Protection ETF – April","BTCI":"NEOS Bitcoin High Income ETF","BETE":"等权重比特币&以太币期货ETF-ProShares","MAXI":"比特币期货ETF-Simplify","BTF":"比特币&以太币期货ETF-CoinShares","BFJL":"FT Vest Bitcoin Strategy Floor15 ETF - July","HODL":"比特币ETF-VanEck","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - January","BETH":"比特币&以太币期货ETF-ProShares","BITI":"1倍做空比特币期货ETF-Proshares","BTFX":"比特币期货ETF-CoinShares","XBTY":"GraniteShares YieldBOOST Bitcoin ETF","YBTC":"比特币看涨期权ETF-Roundhill"},"translate_title":"Bitwise 的 Matt Hougan 预测，比特币在下一次牛市中可能会达到 25 万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GBTC":0.6,"BTCC":0.6,"XBTY":0.6,"CBTJ":0.6,"BITU":0.6,"CBXJ":0.6,"BETH":0.6,"CBTA":0.6,"CBOY":0.6,"QBF":0.6,"BTFX":0.6,"FBTC":0.6,"BITY":0.6,"CBXY":0.6,"BAGY":0.6,"BTCO":0.6,"BTCI":0.6,"BITX":0.6,"YBTC":0.6,"CBXA":0.6,"MAXI":0.6,"CBOO":0.6,"DEFI":0.6,"EZBC":0.6,"BPI":0.6,"BTF":0.6,"HODL":0.6,"SBIT":0.6,"BETE":0.6,"BTRN":0.6,"BTC":0.6,"CBTO":0.6,"CBOJ":0.6,"IBIT":0.6,"BCCC":0.6,"BITB":0.6,"ARKB":0.6,"BTCW":0.6,"CBXO":0.6,"MNRS":0.6,"BITI":0.6,"BFJL":0.6,"CBOA":0.6,"BRRR":0.6,"BFAP":0.6,"BITO":0.6,"BTCL":0.6,"BTCZ":0.6,"CBTY":0.6,"DFII":0.6},"content_text":"Bitcoin (CRYPTO: BTC) is in the process of forming a market bottom, according to Bitwise Chief Investment Officer Matt Hougan, who expects the next crypto bull market to be driven less by speculation and more by tokenization, decentralized finance and institutional adoption.\nSpeaking on The Wolf of All Streets podcast on Sunday, Hougan described the current market as a “Great Reset.”\n“I think we’re in the process of bottoming right now,” Hougan said and pointed to several indicators supporting that view, such as the collapse in leverage across crypto markets, declining funding rates, normalization in ETF flows and Bitcoin’s resilience despite negative headlines.\n“The most telling signal is when markets stop reacting to bad news,” he said, noting that Bitcoin remained stable after Strategy Inc. (NASDAQ:MSTR) sold Bitcoin and as odds of the CLARITY Act passing declined.\nIf the CLARITY Act fails, Hougan expects crypto, particularly smaller-cap tokens, to face a period of volatility lasting one to two months before longer-term adoption trends reassert themselves.\nUnlike previous crypto cycles, Hougan expects the next bull market to be driven by institutional capital entering digital assets through wealth management platforms rather than retail speculation.\nHe said firms including Wells Fargo, UBS and Merrill Lynch are steadily expanding crypto offerings, a trend he expects to accelerate during the second half of the year.\nHougan highlighted projects including Hyperliquid, Uniswap (CRYPTO: UNI), Morpho, Aerodrome and Lighter, saying DeFi protocols with improving tokenomics and growing revenue could outperform as tokenization adoption expands.\nLooking beyond the current cycle, Hougan projected Bitcoin could reach $250,000 to $400,000 during the next bull market. \nHe cited growing allocations from financial advisors, family offices and institutional investors as key factors.\nHe added that BTC remains on a long-term path toward $1 million, although percentage gains are likely to moderate as the asset matures.\nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2656070103","isCrawlerRequest":true}