Matt Hogan, Chief Investment Officer at Bitwise, stated that the cryptocurrency market is nearing the end of its bear market phase and is expected to experience strong growth by 2026. He noted that throughout 2025, most cryptocurrencies remained in a bear market, with many altcoins losing over 60% of their value. However, Bitcoin managed to avoid significant declines due to consistent purchases by institutions and exchange-traded funds (ETFs). Hogan described the current market condition as a “narrowing bottom,” characterized by weak ETF inflows and low retail investor participation. He projected that Bitcoin would trade between $75,000 and $100,000 in the first half of the year and reiterated his long-term forecast of Bitcoin reaching approximately $6.5 million per coin over the next twenty years. This estimate is based not on rapid adoption but on ongoing global debt levels, currency issuance, and currency devaluation. Hogan views Bitcoin as a modern version of gold and believes central banks are beginning to recognize its significance. He emphasized that unless there is a major disruption similar to the past fifteen years, these targets are achievable and it is only a matter of time. The cryptocurrency market has experienced significant volatility in recent years, with Bitcoin maintaining market leadership. Following the bear market, investors are seeking new growth opportunities, though concerns about uncertainty and volatility remain. Therefore, cautious investment and a deep understanding of the market are currently essential.
Source: binance
