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$12 Billion Bitwise CIO: Bitcoin Is Undervalued — Should Already Be at $200,000 Price

Bitcoin is significantly undervalued relative to its fair market value, according to Matthew Hougan, Chief Investment Officer at Bitwise Asset Management, which oversees approximately $12 billion in assets. Speaking in September 2025, Hougan stated that based on current macroeconomic conditions and institutional adoption trends, Bitcoin’s price should already be at $200,000. His comments come amid […] Also read: Hyperliquid’s USDH Debut: Concentrated Supply, Modest Market Share, Big Buzz