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Bitfinex: Bitcoin could hit $200,000 by mid-2025
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2024-12-18 15:03 6,645

Bitfinex: Bitcoin could hit $200,000 by mid-2025

Author: Ciaran Lyons, CoinTelegraph; Compiled by: Five Baht, Golden Finance

Bitfinex analysts said that the decline in Bitcoin prices in 2025 will be short-lived due to strong institutional demand, and they predict that by 2025 Bitcoin price will double in June.

Bitfinex analysts said in a market report on December 17 that their minimum price estimate "will reach $145,000 by mid-2025, and may reach $200,000 if conditions are favorable." USD."

Bitcoin Volatility Expected in Q1

"We believe any correction in 2025 will remain modest due to institutional inflows," they noted, although Bitcoin is expected to remain strong in 2025. 2025 The first quarter of the year was volatile, but broader trends point to continued price growth, driven by continued inflows into spot Bitcoin exchange-traded funds (ETFs) and increased global and institutional adoption.

About $36 billion has flowed into U.S. spot Bitcoin ETFs since their launch in January, according to data from Farside Investors.

Analysts said: "The BTC ETF is one of the largest groups of Bitcoin holders, holding more than 1.13 million Bitcoins."

As of the time of publication, Bitcoin is trading at $105,360. Source: CoinMarketCap

At the time of publication, Bitcoin was trading at $105,360, and Nic Carter, a partner at Castle Island Ventures, said that in the long term, the price of Bitcoin may will increase nearly 9 times.

Carter said in an interview with Bloomberg TV on December 17: "In the long term, I hope that Bitcoin can catch up with the market value of gold, and the price of Bitcoin will reach $900,000 by then."< /p>

Bitcoin author Andy Edstrom said on December 16 that he had "difficulty adjusting to the fact that $1,000 is less than a 1% fluctuation in the price of Bitcoin."

Bitfinex analysts said that if Bitcoin reflects the 2021 cycle and rises about 40% from its moving average, it could "reach around $339,000."

In the unlikely event that the extended cycle of 2017 repeats similar diminishing returns, Bitcoin could peak around $290,000 in early 2026, they said.

U.S. Bitcoin Reserve May Change Narrative

Meanwhile, incoming Trump is likely to establish a strategic Bitcoin reserve in the United States, leaving the crypto industry speculating on the marketField narratives may enter uncharted territory.

“If one implemented a Bitcoin strategic reserve, you could say goodbye to your four-year cycle,” crypto analyst Tyler Durden said in a Dec. 17 article.

After Donald Trump won the election on November 5, pro-cryptocurrency Senator Cynthia Lummis said she would push for the United States to buy Bitcoin and hold at least 20 years of legislation.

Keywords: Bitcoin
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