Bitwise's Chief Investment Officer: Bitcoin will trade sideways between $75,000 and $100,000 in the first half of the year, with a long-term bullish outlook of $6.5 million.

PANews reported on January 31st that, according to Coindesk, Bitwise Chief Investment Officer Matt Hougan stated in an interview that cryptocurrencies are in the late stages of a bear market bottom, paving a volatile but constructive path for stronger growth in 2026. Cryptocurrencies were in a bear market for most of 2025, with many altcoins falling by more than 60%. Bitcoin avoided even greater losses, primarily thanks to continued buying from corporations and ETFs. He described the current situation as a "bottoming out," characterized by weak ETF liquidity and low retail participation.

Hougan predicts Bitcoin will trade sideways between $75,000 and $100,000 in the first half of this year. He reiterated his view that Bitcoin could reach approximately $6.5 million per coin within the next 20 years. Hougan stated that the core assumption is not accelerated adoption, but rather continued global debt growth, money supply expansion, and currency devaluation. He believes Bitcoin is an upgraded version of gold, and central banks are only just beginning to understand its role. "As long as the future doesn't change much from the past 15 years, we will achieve our goal. It's just a matter of time."