A well-known US investment bank predicts that $BTC may reach $225,000 by the end of the year!
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In a newly released investor report, HC Wainwright & Co., one of the oldest investment banks in the United States (founded in 1868), gave an optimistic forecast for Bitcoin. According to the report, the investment bank raised its target price for Bitcoin by the end of 2025 from $145,000 to $225,000, supporting this forecast with historical trends, macroeconomic data, and emerging regulatory and institutional factors.
The report states: "We expect Bitcoin prices to reach a cyclical high of $225,000 by the end of 2025." This cyclical high is not only a manifestation of the market cycle, but also may be because the regulatory environment for digital assets under the new US government will be more supportive of Bitcoin's development.
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Bitcoin's market value will reach 4.5 trillion US dollars
If Bitcoin really breaks through $225,000, HC Wainwright expects Bitcoin's total market value to reach about 4.5 trillion US dollars, accounting for about 25% of gold's current market value of 18 trillion US dollars. This means that Bitcoin will increase by 113% compared to its current market value. However, the report also made a more radical prediction:
"Our new target price does not take into account the possibility that the US government may officially use Bitcoin as a treasury reserve asset at the federal level next year. If this policy is implemented, we believe that the price of Bitcoin may significantly exceed our basic forecast."
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In addition, HC Wainwright's analysis also extends to the entire cryptocurrency market. According to historical data, Bitcoin's market dominance (that is, Bitcoin's share in the crypto market) usually declines at the peak of the market. For example, during the last bull market in November 2021, Bitcoin's market share fell to 40%.
Looking ahead, HC Wainwright expects Bitcoin’s dominance to drop from the current 56% to 45% by the end of 2025. Under this assumption, the firm believes that the total market capitalization of the entire cryptocurrency market will increase from the current $3.6 trillion to approximately $10 trillion by the end of 2025.
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