EXCLUSIVE: Bitwise Sees Bitcoin Reaching $200,000, CIO Says Firm Is ‘Extraordinarily Bullish’

Bitwise Asset Management chief investment officer Matthew Hougan says the firm is “extraordinarily bullish” on Bitcoin (CRYPTO: BTC) as the cryptocurrency gains widespread acceptance from governments, corporations and traditional asset managers. 

What To Know: Hougan sat down with Benzinga at the Future Proof Citywide event in Miami Beach, FL last week and talked about the importance of a crypto-friendly administration and President Donald Trump‘s recent announcement of a strategic bitcoin reserve. 

The last existential threat to bitcoin was removed when governments began accepting and adopting the cryptocurrency as an asset, Hougan said. 

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Full story available on Benzinga.com