Bitcoin Could Reach $150,000 by End of 2025, Says Bitwise CIO
Institutional investors are now leading the crypto market, while retail traders are still quiet. This trend could push Bitcoin’s price to new highs before the end of 2025.
Matt Hougan, Chief Investment Officer of Bitwise Asset Management, told CNBC on November 5 that strong inflows into spot Bitcoin ETFs show big investors are still buying. He said this steady interest could trigger a major price rally in the fourth quarter.
Michael Saylor, Executive Chairman of MicroStrategy, recently predicted that Bitcoin could hit $150,000 by December 2025 — and Hougan agrees that this target is possible.
“I don’t think Saylor is far off,” Hougan said. “Bitcoin could easily reach new all-time highs — maybe around $125,000 to $130,000. ETF inflows are strong, and more financial advisors may start adding Bitcoin to client portfolios before the year ends.”
Hougan added that sellers seem to be running out of momentum, while buyers remain active — a setup that could push prices higher.
“We might end the year near or above the previous record,” he said. “And if we’re lucky, we could even reach Saylor’s $150K target.”
According to Hougan, the crypto market is becoming more institutionalized, with long-term investors using structured strategies rather than short-term speculation. The growth of ETFs, staking products, and tokenized assets is attracting regulated money, which could make crypto valuations more stable and sustainable.
Bitwise’s own products support this trend. The company’s Solana Staking ETF (BSOL) became 2025’s fastest-growing ETF across all asset classes. Hougan said investors are drawn to Solana’s ecosystem because it offers both regulated access and staking rewards.
He also highlighted Solana’s expanding use in stablecoin payments and tokenization projects, including Western Union’s new stablecoin built on the Solana network.
Hougan believes these developments show that digital assets are maturing. In the future, he expects staking-based ETFs to become an important part of investment portfolios.
