Bitwise CEO Hunter Horsley: The bear market in the crypto market is over, Bitcoin is expected to hit a record high in 2027
Bitwise CEO Hunter Horsley recently said that the downturn that has long plagued the cryptocurrency market is over. He predicted that Bitcoin (BTC) is expected to hit a new all-time high in 2027.
Selling pressure is reduced and institutional participation is expanded
In an interview with CNBC, Horsley assessed the current status of the cryptocurrency market. He pointed out that in the continued market decline since the end of last year, many investors who had planned to sell have left. Horsley believes that the main selling pressure has passed, which is a positive signal for the future price trend of cryptocurrency assets.
In addition, Horsley also noticed that institutional investors 'participation in the cryptocurrency market is expanding. He said that the increase in usage and revenue of some crypto platforms suggests that core activities in the field are still growing.
Investment channel optimization is a key factor in promoting the development of the industry
Horsley emphasized that compared with the past, the threshold for entering the cryptocurrency market has been significantly reduced. He pointed out that exchange-traded funds (ETFs) and exchange-traded products (ETPs) play an important role in investor allocation. The increasing popularity of these investment tools has made it easier for investors in traditional financial markets to access crypto assets. He believes that deepening institutional participation is one of the key factors in promoting development in this field.
Outlook: The bull market is about to restart
Horsley's remarks revealed his expectation that the crypto market is about to usher in a new round of bull market. Although Bitwise CEO said that Bitcoin may set a new price record next year, he did not give a specific target price for achieving this prediction.
Overall, Horsley's judgment is based on multiple factors such as reduced selling pressure, increased institutional participation and improved access conditions for investment products. Of course, the future price trend of Bitcoin still depends on the evolution of the overall market environment.

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