Bitwise Chief Investment Officer Matt Hougan has projected that Bitcoin could reach approximately $6.5 million within the next two decades. Hougan, speaking in a recent interview, indicated that the current cryptocurrency market is in the latter stages of a bear market bottom. While acknowledging that Bitcoin might trade within the $75,000 to $100,000 range in the short term, he maintained a long-term bullish outlook.

Hougan attributed Bitcoin's ability to avoid a more significant downturn in 2025 to consistent buying from corporations and exchange-traded funds (ETFs). He also drew a parallel with gold's price appreciation, suggesting it reflects market concerns about fiat currency devaluation and asset confiscation risks, a trend he believes will ultimately benefit Bitcoin long-term.

Furthermore, Hougan revealed that some central banks have commenced preliminary research into Bitcoin, though significant allocation is still expected to take 10 to 20 years. His long-term price forecast is underpinned by global debt expansion, currency debasement, and Bitcoin's established "digital gold" narrative, rather than short-term adoption rates. He anticipates that the overall fundamentals for Bitcoin will remain positive through 2026. (Source: CoinDesk)

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