Bitwise CIO Reveals Two Compelling Reasons Why Bitcoin’s Price Should Be Significantly Higher

Bitwise Chief Investment Officer Matt Hougan issued a bullish counter-narrative today, asserting Bitcoin's price target should be substantially higher despite its current struggle to break decisively above $75,000. Hougan's analysis, delivered as BTC faces renewed resistance after briefly breaching the $75k level on April 14, challenges recent market sentiment and points to underlying fundamental drivers for a major revaluation.

2 Reasons Why Bitcoin’s Price Target Should Be Higher

According Hougan, Bitcoin (BTC) seems to be behaving like a hedge amid global geopolitical chaos. Hougan believes that if BTC takes on a dual role of being a store of value, like gold, and a currency, like the dollar, we may have to put a higher target for BTC’s price.

LATEST: Bitcoin is increasingly acting as a hedge against geopolitical chaos, per Bitwise’s Matt Hougan.

“If Bitcoin starts to take on a dual role as both a store of value (like gold) and an actual currency (like the dollar), we may need to revise our targets higher.” pic.twitter.com/ImDYBVRkB3

Bitcoin (BTC) hit an all-time high of $126,080 in October of 2025. However, the market saw a massive liquidation event, and investors began a risk-off approach. Gold and silver, on the other hand, hit multiple all-time highs from late 2025 till ear 2026. However, gold’s ascent has slowed down over the last few months.

The dip in gold’s momentum and Bitcoin’s (BTC) recent upswing could be a signal that the market is changing. Moreover, geopolitical tensions continue to remain high. The US seems to be in a lonely corner, given that its allies have not joined its Middle East operation. Macroeconomic worries have also plagued investors. Despite the ongoing issues, Bitcoin (BTC) is beginning to show signs of a recovery. If the pattern continues, BTC could reclaim the $100,000 mark in due time.