TL;DR Hougan predicts Bitcoin will trade sideways after a bruising 2025, with rising institutional interest and early central bank curiosity setting up the next cycle. The whole 9 yards of 💩 The Royal Flush reporting live from the digital beltway, and yes, we’re talking Bitcoin again. Bitwise CIO Matt Hougan is out there predicting a price that makes most fan-fiction look bashful: $6.5 million per BTC, in 20 years. Not next year, not the year after, but two decades from now. After a bruising 2025, he sees a market that’s mostly moving sideways, with a slowly rising chorus of institutional interest and a whiff of central-bank curiosity warming up for the next cycle. That’s the kind of prophecy you file under ‘bold, possibly delusional, always entertaining.’ Hougan posits a world where Bitcoin doesn’t explode every few months but rather calibrates itself in a large, patient channel. Sideways trading means fewer moon shots, more institutions creeping in with risk controls, and a...
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