Bitwise 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 target of $6.5 million

PANews January 31 News, according to Coindesk, Bitwise Chief Investment Officer Matt Hougan stated in an interview that cryptocurrencies are in the late stages of the bear market bottom, laying a volatile but constructive path for stronger growth in 2026. Cryptocurrencies have been in a bear market for most of 2025, with many altcoins dropping over 60%. Bitcoin avoided larger losses mainly due to continued buying by institutions and ETFs. He described the current situation as a “bottom narrowing,” characterized by weak ETF capital flows and low retail participation. Hougan expects Bitcoin to trade sideways between $75,000 and $100,000 in the first half of this year. Hougan reiterated his view that the price of each Bitcoin could reach about $6.5 million in the next 20 years. Hougan stated that the core assumption is not accelerated adoption, but ongoing global debt growth, monetary issuance, and currency devaluation. Hougan believes Bitcoin is an upgraded version of gold, and central banks around the world are just beginning to understand its role. “As long as the future is not significantly different from the past 15 years, we can achieve our goals. It’s just a matter of time.”