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bitcoin price may soar to $200,000 in 2025 due to strong institutional demand, Bitfinex said.
Analysts at Bitfinex, the 11th largest cryptocurrency exchange by trading volume, said in a Dec. 17 market report that his estimate of the minimum price of bitcoin is “$145,000 in mid-2025.”
In the best case scenario, analysts predicted that the price of btc will double in 2025 to reach $200,000 “under favorable conditions.”
Their predictions are based on the belief that the US spot bitcoin ETF (exchange-traded fund) inflows will increase next year, while global and institutional adoption of btc will increase simultaneously.
<img decoding="async" class="alignnone" alt="bitcoin” width=”3500″ height=”2192″ src=”https://image.cnbcfm.com/api/v1/image/106911087-16263029762021-07-12t182451z_1049474836_rc26jo9ua1af_rtrmadp_0_fintech-crypto-flows.jpeg?v=1697805205″/><img decoding="async" class="alignnone" src="https://image.cnbcfm.com/api/v1/image/106911087-16263029762021-07-12t182451z_1049474836_rc26jo9ua1af_rtrmadp_0_fintech-crypto-flows.jpeg?v=1697805205″ alt=”bitcoin” width=”3500″ height=”2192″/>
bitcoin Price Volatility Could Increase in Q1 2025 Before Uptrend Continues
So far this year, bitcoin has shot up more than 150%. This is after the largest cryptocurrency by market cap suffered 2%. <a target="_blank" href="https://coinmarketcap.com/currencies/bitcoin/”>correction in the last 24 hours to trade at $103,277.49 at 1:45 am EST.
Bitfinex analysts predict that btc will experience slight volatility in the first quarter of 2025. But maintain a bullish outlook on the leading cryptocurrency, saying that btc's long-term positive trend will likely continue and its price should continue to rise in 2025.
bitcoin ETFs Invest Gold Funds in AUM
Bitfinex analysts' prediction that funds will continue to flow into spot btc ETFs comes as these bitcoin-focused investment products converted gold funds into assets under management (AUM). Data from K33 Research shows that US btc ETFs collectively surpassed $129 billion on December 16.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”5.4328358208955″>
Hmm!
US bitcoin ETFs Inverted US Gold ETF AUM Yesterday pic.twitter.com/OVYjKGXtuv
– Vetle Lunde (@VetleLunde) <a target="_blank" href="https://twitter.com/VetleLunde/status/1868945665235308620?ref_src=twsrc%5Etfw”>December 17, 2024
Eric Balchunas, Bloomberg ETF Analyst <a target="_blank" href="https://x.com/EricBalchunas/status/1869032761207742717″>commented about the milestone, saying it's “unreal” that bitcoin funds are competing with gold in this way after just 11 months.
US bitcoin ETF <a target="_blank" href="https://farside.co.uk/btc/”>aware Net inflows of $493.9 million yesterday. BlackRock's IBIT attracted the most capital with inflows of $741.4 million. WisdomTree's BTCW and Grayscale's btc were the only other funds to record net inflows.
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