Odaily Interview with Bitwise: BTC Could Reach $95,000 Range by Year-End
Odaily interviewed Ryan Rasmussen, research lead at Bitwise Asset Management, which manages around $15 billion in assets and is a major issuer of Bitcoin, Ethereum, and Solana ETFs. Rasmussen discussed Bitcoin's price outlook, predicting it could reach around $95,000 by year-end—a roughly 40% increase from current levels—driven by accelerating institutional adoption.
He emphasized that institutional allocation is the primary long-term driver of Bitcoin’s price, noting that many global institutional investors are still in early stages of exposure, with new allocations typically starting at 2-3% and growing to around 5% over time. Rasmussen believes the market is near a bottom and may trade sideways in the near term due to macro uncertainty, but expects significant institutional inflows via ETFs in the second half of the year.
The interview highlighted a major shift in market dynamics: early retail investors are taking profits, while long-term focused institutions are accumulating positions. This transition, he argued, is structurally positive for crypto markets.
Rasmussen also addressed Bitcoin’s role in portfolios as a diversifier with low correlation to traditional assets and discussed Bitwise’s expanding presence in Asia, where interest from family offices and private banks is growing rapidly. He noted that Asian markets are more forward-looking in crypto adoption compared to the U.S. and Europe.
Odaily星球日报03/27 03:13
