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Cryptocurrency News Articles

Bitcoin Price May Soar to $200k in 2025 Due to Strong Institutional Demand, Bitfinex Said

Dec 18, 2024 at 04:33 pm

Analysts from Bitfinex, the eleventh largest crypto exchange by trading volume, said in a Dec.17 market report that their minimum Bitcoin price estimate stands “at $145,000 by mid-2025.”

Bitcoin Price May Soar to $200k in 2025 Due to Strong Institutional Demand, Bitfinex Said

Breaking news from the world of cryptocurrencies.

The Bitcoin price may hit $200,000 in 2025 thanks to strong institutional demand, Bitfinex said.

The eleventh largest crypto exchange by trading volume analyzed the markets in a Dec.17 report, and its analysts said that their minimum Bitcoin price target is “$145,000 by mid-2025.”

But in their best case scenario, the analysts predicted that BTC’s price will double in 2025 to reach $200,000 “under favorable conditions.”

The prediction is based on the belief that US spot Bitcoin ETF (exchange-traded fund) inflows will pick up next year as global and institutional adoption of BTC increases.

Bitcoin Price Volatility Could Pick Up In Q1 Of 2025 Before Bullish Trend Continuation

Bitcoin has soared more than 150% this year, but the largest crypto by market cap underwent a 2% correction in the last 24 hours to trade at $103,277.49 as of 1:45 a.m. EST.

The Bitfinex analysts predict that BTC will experience some mild volatility in the first quarter of 2025. However, they maintain a bullish outlook on the leading crypto, saying that BTC’s long-term positive trend will likely continue and its price should keep climbing in 2025.

Bitcoin ETFs Surpass Gold Funds In AUM

The Bitfinex analysts’ prediction that funds will continue to flow into spot BTC ETFs comes as these Bitcoin-focused investment products flipped gold funds in assets under management (AUM). According to data from K33 Research, US BTC ETFs collectively broke $129 billion on Dec. 16.

gm!

U.S. Bitcoin ETFs flipped U.S. gold ETFs AUM yesterday. pic.twitter.com/OVYjKGXtuv

— Vetle Lunde (@VetleLunde) December 17, 2024

“U.S. Bitcoin ETFs flipped U.S. gold ETFs AUM yesterday,” Bloomberg ETF analyst Eric Balchunas said about the milestone, adding that it’s “unreal” that Bitcoin funds are even competing with gold in this way after just 11 months.

BlackRock’s IBIT pulled in the highest amount of capital with $741.4 million inflows. WisdomTree’s BTCW and Grayscale’s BTC were the only other funds to record net inflows, with $493.9 million in total net inflows being reported for the day.

News source:insidebitcoins.com

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Other articles published on Dec 18, 2024