Matrixport Prediction: Bitcoin Could Rise to $160,000 in 2025 Without Major Pullbacks
According to ChainCatcher and reported by CNBC, cryptocurrency financial services company Matrixport states that the price of Bitcoin could reach $160,000 by 2025.
Markus Thielen, Head of Research at Matrixport (also the founder of 10x Research), stated: "This outlook is supported by persistent demand for Bitcoin ETFs, favorable macroeconomic trends, and an expanding global liquidity pool."
Thielen also mentioned that due to the growing base of buyers looking to buy on dips and strong institutional support, the expected pullback in 2025 will be "less pronounced."
Matrixport had previously predicted in 2023 that Bitcoin would reach $125,000 in 2024.
