According to Matt Hougan’s retweet of Chamath Palihapitiya’s earlier Bitcoin price prediction, there is renewed attention on Palihapitiya’s call, with Hougan suggesting the target should be updated significantly higher (Source: Matt Hougan via Twitter, June 2, 2025). This public endorsement and adjustment of a prominent price prediction is fueling bullish sentiment among crypto traders, potentially increasing short-term Bitcoin trading volumes and attracting institutional interest.