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Bitcoin Can Hit $250,000 in the Next Bull Run, Bitwise's Matt Hougan Predicts
Bitwise chief investment officer Matt Hougan said Bitcoin is forming a market bottom and predicts it could rise to about $250,000 in the next bull market, with a longer‑term view of $1 million.
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What happened
Bitwise chief investment officer Matt Hougan said Bitcoin is forming a market bottom and predicts it could rise to about $250,000 in the next bull market, with a longer‑term view of $1 million.
Confirmed
Global impact / market context
If Bitcoin reaches that price, investors could earn large gains and the crypto market may draw more institutional investors – large firms that allocate capital – which would increase overall liquidity and support related projects.
Analyst inference
The outlook follows analysts’ view that the market has bottomed and that tokenization (turning real assets into digital tokens) and decentralized finance, or DeFi (financial services built on blockchain), together with institutional interest, could drive the next surge.
Analyst inference
What to watch
- Bitcoin price moving toward the $250,000 level, which would confirm the bottom‑formation view and suggest the start of the predicted bull run. Analyst inference
- Growth in institutional crypto exposure, such as fund inflows or corporate treasury purchases, indicating whether large‑scale investors are entering the market. Analyst inference
- Expansion of tokenization and DeFi activity, measured by new tokenized asset launches or higher usage of DeFi protocols, showing the underlying demand that could lift Bitcoin. Analyst inference
Affected assets
- BTC — Bitcoin
- SOL — Solana
- ETH — Ethereum
- MSTR — MSTR2100
- UNI — Uniswap