Why Bitcoin Could Reach $200,000 by the End of 2025

Bitwise predicts Bitcoin to reach $200,000 by the end of 2025, driven by ETFs and institutional demand. Despite a mixed year, optimism prevails. Explore this analysis and seize the opportunities.

Written by Charles Ledoux

Translated on July 4, 2025 at 15:24 by Marie

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Bitwise Remains Optimistic : Bitcoin to Reach $200,000 by the End of 2025

Despite occasionally volatile market conditions, Bitwise experts remain confident in the future of Bitcoin. According to their forecasts, the flagship cryptocurrency could reach $200,000 by the end of 2025.

BREAKING 🚨T HE CIO OF BITWISE SAYS THE PRICE OF BITCOIN WILL "ECLIPSE $200,000" AND HIT ALL-TIME HIGHS IN 2025 pic.twitter.com/qWQsiG0tBv
— That Martini Guy ₿ (@MartiniGuyYT) May 14, 2025

Although Bitcoin reached a new all-time high of $112,000 last May, driven by the arrival of new ETFs and growing institutional demand, Ethereum and Solana have experienced more mixed performance since the beginning of the year. Nevertheless, Bitwise remains optimistic for the second half of 2025, banking on favorable regulatory advances and wider adoption of stablecoins.

Institutional Adoption More Bullish Than Ever and Bitcoin Still Has Room to Grow

“Institutional demand is simply too strong for Bitcoin’s price not to continue climbing,” states Matt Hougan, Bitwise’s Chief Investment Officer. Although more cautious about Ethereum and Solana, the company’s analysts hope that growing interest in stablecoins and approval of new ETFs will also support these assets.

Among Bitwise’s other predictions for 2025, net flows into Bitcoin ETFs are expected to exceed the $35 billion recorded in 2024. This ambitious figure is largely explained by the opening of these funds to new asset management platforms, potentially unlocking considerable capital.

Bitcoin SOPR / MVRV chart — **Source: Checkonchain**

From an on-chain perspective, Bitcoin has still not experienced a “blow off top,” those peaks of euphoria and price surges. Major data such as SOPR and MVRV show that Bitcoin has still not reached its peak, as illustrated in the chart above.

This remaining headroom for BTC combined with accumulation by major companies could well push Bitcoin toward new heights in the coming months.

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Charles Ledoux

Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.

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