Bitwise Eyes $200K Bitcoin as Crypto Volatility Rages On

– Bitwise executives reaffirm confidence in Bitcoin and altcoins amidst price fluctuations
– Optimism fueled by technological upgrades, regulatory clarity, and innovative advancements

As Bitcoin dips to $85,000 in volatile markets, Bitwise executives remain bullish, placing bets on BTC and key altcoins like ETH, UNI, and XRP. On November 23, 2025, Cryptopolitan reported that Matt Hougan and Hunter Horsley of Bitwise Asset Management expressed renewed confidence in Bitcoin and notable altcoins, despite a recent crypto market decline. The executives credited technological advancements, regulatory progress, and value-enhancing mechanisms as key drivers for their optimistic outlook.

Bitwise CEO Hunter Horsley shared that he had personally purchased Bitcoin during its recent price drop, viewing the $85,000 level as a strategic buying opportunity. Horsley emphasized the importance of acquiring Bitcoin at perceived discounts regardless of market timing, aligning with Matt Hougan’s long-term projection that BTC could reach $200,000 by Q3 2029.

Ethereum (ETH) remains another major focus for Bitwise, particularly with its forthcoming “Fusaka” upgrade. This development is expected to significantly enhance Ethereum’s financial utility by implementing a minimum fee for recording Layer 2 solution data, potentially increasing revenue capture by five to ten times. Such improvements strengthen Ethereum’s position within the decentralized finance (DeFi) ecosystem.

Uniswap (UNI), too, figures prominently in Bitwise’s analysis. Proposed governance changes include introducing a “fee switch” mechanism that allocates 16% of trading fees toward UNI token burns, reducing supply. This upgrade, Hougan noted, could propel Uniswap into the top 10 cryptocurrencies by market capitalization.

Regarding XRP, its community is actively investigating mechanisms to enhance its investment appeal, with staking emerging as a key consideration. Matt Hougan explained that implementing staking could positively transform XRP’s economic model and benefit token holders.

Horsley further highlighted the growing acceptance of cryptocurrencies, noting that investors are expanding their scope beyond Bitcoin’s “digital gold” narrative. Emerging interest in stablecoins, tokenization, decentralized finance, digital identity, and blockchain-based innovations was cited as a driving force for future sector growth.

As of November 23, 2025, 15:08 UTC, Bitcoin (BTC) trades at $86,623.11 with a 2.68% 24-hour increase, per CoinMarketCap. Ethereum (ETH) is priced at $2,814.79, up 2.66%. Uniswap (UNI) trading at $6.19 reflects a 1.26% gain, while XRP sits at $2.04, up 5.99% in the same period.