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The fourth halving occurred successfully in the leading cryptocurrency Bitcoin over the weekend. While mostly short-term expectations and targets continue to be shared for BTC after the halving, Bitwise CIO Matt Hougan announced his long-term expectations.
Matt Hougan made five predictions for Bitcoin ahead of its next halving, which is expected to occur in April 2028.
In a recent note to clients, Bitwise CIO explained that he expects lower volatility ahead of the 2028 halving and in the coming years, increased portfolio allocations and higher spot ETF flows for BTC, central bank support, and a price above $250,000.
“Spot BTC ETFs in the US attract a lot of institutional investors to the market. Institutional investors are more likely than individual investors to rebalance their portfolios and make stable investments.
As a result, I expect the typical portfolio allocation to rise to the level where 5% or more of the typical portfolio allocation to Bitcoin is considered normal.
“Bitcoin is virtually absent in some institutional portfolios today, but I think this will change over the next few years with ETFs and I predict these portfolios will more aggressively target a 5% or greater BTC allocation.”
“I Think It Will See At Least $250,000!”
Stating that spot ETF entries have just begun, Hougan noted that ETFs are still not widely available in giant names such as Morgan Stanly and Merrill Lynch, and said that the long-term demand for Bitcoin will increase after these institutions turn to ETFs.
Going further, Hougan claimed that some central banks would also add Bitcoin to their portfolio.
Finally, Hougan stated that he has a target of $ 250,000 for BTC and said:
“With ETFs launching and major Wall Street firms lining up for Bitcoin, I believe the asset will continue to move towards the mainstream.
At $250,000, Bitcoin would be a $5 trillion asset.
Can it go higher? Certainly. But $250,000 is a level that would represent solid progress between halvings. As a result, I think we will see at least $250,000 in Bitcoin before the next halving.”
*This is not investment advice.