Bitwise CIO Predicts Bitcoin to Consolidate Between $75,000 and $100,000 in H1 2026, Long-Term Target at $6.5M

PANews January 31, 2024 — According to Coindesk, Bitwise's Chief Investment Officer Matt Hougan stated in an interview that the cryptocurrency market is in the later stage of a bear market bottom, setting a volatile but constructive path for stronger growth by 2026. The crypto market remained in a bear phase for most of 2025, with many altcoins falling more than 60%. Bitcoin avoided greater losses, largely due to continued buying from enterprises and ETFs. He described the current situation as a "narrowing bottom," characterized by weak ETF inflows and low retail participation. Hougan expects Bitcoin to consolidate between $750,000 and $1 million in the first half of this year. Hougan reiterated his view that Bitcoin could reach approximately $6.5 million per coin over the next 20 years. Hougan noted that the core assumption is not accelerated adoption, but rather the ongoing growth of global debt, monetary expansion, and currency devaluation. Hougan 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 can achieve our target. It's just a matter of time."