Bitcoin to $200,000 in 2025?
BlackRock's Bitcoin ETF is poised to bring more institutional adoption in 2025 thanks to simplifying access for large investors, according to Ryan Lee, chief analyst at Bitget Research.
The new ETF milestone and BlackRock's growing fund could propel Bitcoin to $200,000 during 2025, the analyst told Cointelegraph:
"However, the trajectory wil be influenced by regulatory developments, market dynamics and broader economic conditions," Lee added.
However, Bitcoin still needs to gain another 4.1% to recover above the $100,000 psychological mark.
US-based spot Bitcoin ETFs now hold over 5.7% of the entire Bitcoin supply, with analysts seeing it as a price catalyst toward $200,000.
US-based spot Bitcoin exchange-traded funds (ETFs) are nearing a significant milestone following record-breaking growth during 2024 as BTC crossed the $1 00,000 price level. The US spot Bitcoin (BTC y $97132.00) ETFs are just 2.2%, or $2.2 billion, away from crossing $110 billion in cumulative holdings which makes up over 5.7% of the entire Bitcoin supply.
