Analysts at the American old-line investment bank H.C. Wainwright & Co. have made a bold prediction, believing that driven by the dual positives of "clarified regulatory environment" and "accelerated entry of institutional investors," Bitcoin is expected to experience a huge surge this year, with prices reaching $225,000.
(CNBC) Today (3rd), reports indicated that H.C. Wainwright & Co. analyst Mike Colonnese expressed the view that driven by multiple favorable factors, Bitcoin is expected to climb to $225,000 this year. He stated:
Based on our analysis of Bitcoin's historical price cycles, recent market trends, and the general market expectation that under Trump's administration, the U.S. digital asset industry will welcome a more favorable regulatory environment by 2025, along with a wave of cryptocurrency spot ETF listings and accelerated growth in institutional investor and corporate adoption, we estimate that by the end of 2025, Bitcoin's price will reach $225,000.
Not only H.C. Wainwright, but other financial institutions are also quite optimistic about Bitcoin's prospects. Citigroup believes that the policies of the Trump administration are likely to boost explosive growth in the cryptocurrency market.
At the same time, Presto Research, under the algorithmic trading company Presto, also expressed optimism, predicting that Bitcoin will soar to $210,000 this year.
However, despite the high market optimism, Mike Colonnese also reminds investors not to overlook the risks. He pointed out that corrections of up to 30% are not uncommon in previous Bitcoin bull markets. He particularly mentioned:
The price trend of Bitcoin is highly correlated with global liquidity (measured by M2), which has been on a downward trend since last October.
"The American old-line investment bank is bullish! H.C. Wainwright predicts: Bitcoin is expected to reach $225,000 this year." This article was first published on (BlockBeats).
