Bitwise CIO has already argued that Bitcoin should already trade nearly $20 million, and is being curtailed by short-term uncertainty.
Hougan highlights the advancements in strategic Bitcoin Reserves, SEC Retreats and Stubcoin as neglected catalysts.
Despite the suppression, the foundations of Bitcoin will be strengthened by an increase in ETF inflows and institutional adoption around the world.
Hougan predicts that if economic pressures ease, Bitcoin could surge towards $200,000 by the end of the year.
Bitcoin has struggled to break beyond the $112,000 mark, causing many investors to get frustrated. But according to Matt Hougan, Bitwise’s chief investment officer, the story isn’t about Bitcoin’s weaknesses, it’s because powerful forces are hampering it.
In a recent interview with Coindesk, he said boldly:
It’s suppressed despite positive news
Speaking to Coindesk, Bitwise Cio Matt Hougan said that the true value of Bitcoin is being suppressed by short-term economic concerns, but that a wave of positive news is built against the background.
He pointed out several major milestones. The creation of a strategic Bitcoin Reserve, the SEC pulling back from prominent lawsuits, advances in the Stablecoin rules, and even the White House Crypto Summit. According to Hougan, these are “game-changing” developments that should have already raised Bitcoin to $150,000 or $200,000. ”
Bitise CIO: 🟠 “Bitcoin should be $200,000 by now.”
“When the suppression is removed, it becomes a coiled spring.”
– Crypto News Hunters September 6, 2025
“Instead of realizing these breakthroughs, the market is ignoring them,” he explained. “This suppression has left Bitcoin prices far below where they should naturally be.
Despite current suppression, he says that Bitcoin’s foundations are stronger than ever. If economic uncertainty eases, he expects a quick breakout to new highs, and by the end of the year, he sees Bitcoin charge towards $200,000.
What makes him so confident?
His confidence comes from demand that exceeds supply. He points out three major drivers. Strong ETF influx, more companies such as micro-strategy purchase Bitcoin, and growing interest from the country.
Hougan expects to see a number of companies adding Bitcoin to the triple this year, and says it’s not hindering anything except for short-term hesitation.
What’s next for Bitcoin?
For investors, the message is clear. Bitcoin may seem stuck right now, but the pressure is built. At the moment, Bitcoin is trading at nearly $110,768, a slightly lower price, as seen in the last 24 hours.
However, the technical chart shows that it could be $113,500 in the short term and $120,000 in the medium term, with resistance of $117,544 and strong support of $107,255.
If this pressure is released, Bitwise CIO believes that Bitcoin could break out as the spring snaps up. And in his view, the rally won’t stop at $112K and could well approach $200,000 by the end of the year.
