PANews January 1 news, according to CNBC, Sid Powell, CEO and co-founder of the centralized finance platform Maple Finance, predicts that by the end of 2025, the price of Bitcoin will be between $180,000 and $200,000. Sid Powell stated, "If you look back at history, when we saw the emergence of gold ETFs, the influx of funds increased significantly in the following years. I believe we can expect a similar situation with Bitcoin ETFs. As Bitcoin and cryptocurrencies become core asset allocations for institutional asset managers, we will see more fund inflows in the coming years." Additionally, Sid Powell believes another factor driving the rise in Bitcoin prices is the expectation of the U.S. establishing a Bitcoin strategic reserve.
