Source: Binance News
๐ November 24, 2024 โ Bitcoin (BTC) enthusiasts, brace yourselves! Georgii Verbitskii, founder of the decentralized finance platform TYMIO, has boldly predicted that Bitcoin could soar to $180,000 by the end of 2025. ๐ฐโจ Speaking to Cointelegraph, Verbitskii forecasted BTC would reach $100Kโ$120K by early 2025, fueled by skyrocketing demand ๐ and shrinking supply ๐.
๐ Bullish Momentum Ahead
Verbitskii is confident about Bitcoin's long-term growth trajectory:
๐ฌ "Bitcoin's price can double during this bull run ๐ and may hit the $180,000 threshold closer to late 2025," he shared.
๐ But a word of caution โ Verbitskii advised traders to manage risks smartly by diversifying their portfolios, using limit orders, and leveraging options to stay protected from sudden market dips. โ ๏ธ๐
๐ฅ Supply Shock Incoming?
With Bitcoinโs halving events โณ, declining block subsidies, and the phenomenon of lost coins ๐งณ, Verbitskii warns of a potential supply crunch:
๐ช "Bitcoin becomes scarcer as fewer coins are mined and many are lost. This imbalance of high demand vs. limited availability could spark a supply crisis!"
๐จ Scarcity like this might push prices even higher ๐ and contribute to heightened volatility, making BTC a hot topic in the financial world
๐ Exchange Reserves Plummet
CryptoQuant data highlights that BTC exchange reserves have dipped to a cycle low of 2.5 million coins ๐ป, a sharp decline from their three-year low in June 2024. Adding fuel to the fire ๐ฅ is President-elect Trumpโs pro-crypto stance and macroeconomic shifts ๐, which have spiked demand further.
Jesse Myers, co-founder of Onramp Bitcoin, echoed these concerns:
๐ "The reduced block subsidy is amplifying the incoming supply shock, setting the stage for BTC's next explosive move."
๐ The Road Ahead
With institutional investors showing greater interest ๐ฆ and Bitcoin edging closer to the $100K mark, experts remain optimistic about BTC's long-term growth. ๐ผ Verbitskiiโs forecast reflects a bright future where scarcity meets massive demand โ a perfect storm for Bitcoin's rise! ๐
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