Bitwise's 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 outlook of $6.5 million.

In an interview, Bitwise Chief Investment Officer Matt Hougan stated that he expects Bitcoin to trade sideways between $75,000 and $100,000 in the first half of this year, but a breakout is more likely later in the year as the regulatory environment becomes clearer and macroeconomic risks are digested. Hougan reiterated his view that Bitcoin could reach approximately $6.5 million per coin within the next 20 years. Hougan stated that the core assumption is not accelerated adoption, but rather continued growth in global debt, increased money supply, 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 goal. It's just a matter of time." (CoinDesk)