Matt Hougan reveals Bitcoin's massive basic case at the end of the year despite possible political threats
Crypto Asset Management Giant Bitwise Investment Director will have a large price target for Bitcoin (BTC) by the end of 2025, even with political risks.
Investors in the new note Bitwise Cio Matt Hougan saying This bitcoin may increase by more than 112% of its current value before 2026, including more deployment through clear cryptocurrencies and traditional finance.
“I am extremely optimistic about crypto prospects this year. Setup-large institutional participation, improved regulatory environment and mass progress in blockchain-technology-is extremely strong.
Hougan, however, warns that the risks for the industry are now from Washington politicians – including the possibility that Congress may not approve of stablecoin bill Known as a genius act.
The main democrats suddenly cause concern about the planned stable legislation, reports Politico.
Says Hougan,
“People often ask me what crypto rails can be off. My answer is simple: people. More specifically politicians. In the end, I think a stable bill will pass. StableCoins are too obviously useful – for America, dollars, entrepreneurs, entrepreneurs and others – for a smaller political Jockey to arm.
When legislation is chasing, it can be a difficult summer for crypto. But when Washington gets its action, I think the bullet market is unstoppable. In both cases: Watch on Washington. ”
Bitcoin trades at $ 94,552 at the time of writing, slightly up in the last 24 hours.
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