In a recent investor note, Bitwise CIO Matt Hougan provided a comprehensive outlook on Bitcoin’s trajectory towards the 2028 halving, predicting a 50% decrease in volatility and heightened institutional investor engagement.
Bitcoin (BTC) hit a new all-time high weeks before the 2024 halving in an unprecedented surge. Hougan believes this trend will continue post-halving and cause Bitcoin’s price to escalate dramatically, as it has in the past since its $13 valuation at the time of its first halving in 2012.
Hougan reaffirmed previous price predictions and said Bitcoin is still on track to hit $250,000 in the coming years.
He added that this consistent growth in value points to Bitcoin’s increasing acceptance within the financial sector, especially after the launch of spot Bitcoin ETFs, which have seen record-breaking performance in the first three months of trading.
Institutional money
Hougan emphasized the transformative impact of spot Bitcoin ETFs on the market, as these instru
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