Bitwise bets Bitcoin will reach $200,000

1. Bitwise remains optimistic despite selling pressure

Despite Bitcoin facing ongoing selling pressure from both retail investors and large wallets, Bitwise — a well-known digital asset management firm — maintains its bullish outlook. According to them, the current correction is merely a "small wave" on the path to $200,000 BTC.

2. Why Bitwise believes in the $200,000 target

Bitwise highlights three main factors supporting Bitcoin's long-term upward momentum:

   • Strong institutional inflows: Spot Bitcoin ETFs continue to attract capital.

   • Limited supply: Most BTC is being held long-term and not actively traded.

   • Long-term conviction: Institutions and large funds increasingly view Bitcoin as “digital gold.”

3. Risks and key factors to watch

However, Bitwise also warns of several potential risks that could impact the trend:

   • Persistently high Fed interest rates

   • Geopolitical tensions or regulatory actions by the SEC

   • Market sentiment if Bitcoin fails to break above the $70,000 level

4. Conclusion

Bitwise believes Bitcoin remains in a strong bullish cycle and could reach $200,000 in the near future. However, investors are advised to closely monitor macroeconomic indicators and ETF flows to validate the trend.