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The Bull Run Continues; Bitfinex Projects $200,000 Bitcoin Price in 2025
In a recent report, popular digital asset exchange Bitfinex has predicted a continued upward trajectory for Bitcoin’s (BTC) price in 2025. The exchange projects that the cryptocurrency could reach an astonishing $200,000 by the end of next year.
The report cites institutional demand as a key driver of this potential price increase. According to the data, institutional flows have reached new highs with the approval of spot Bitcoin ETFs, attracting over $37 billion in investments so far. These funds are expected to continue growing in 2025, further fueling the bull cycle.
Interestingly, Bitfinex’s report highlights that the current bull cycle is still active and that there may not be a giant peak expected in the short term. However, bulls expect a reasonable jump in price next year between $150k to $200k.
The exchange also notes that Bitcoin has historically seen significant gains after each halving event. This could lead to an extension of prices into 2025. Furthermore, tightening global financial conditions and inflationary trends are expected to drive more users towards Bitcoin as a store of value.
The report concludes by mentioning the potential positive impact of crypto-friendly laws in the United States on the global sentiment surrounding cryptocurrencies like Bitcoin. This could attract even more institutional investors, leading to a new all-time high for the cryptocurrency’s price.
It is worth noting that Bitcoin’s price has already surged past $107K and then corrected slightly due to volatility. Meanwhile, large-scale accumulations have been recorded by whales, indicating long-term holdings.
This development comes as no surprise to many market participants who are eagerly anticipating a continuation of the current bull run.
Source: zycrypto.com
