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Bitcoin Could Hit $190K as CZ Warns of Institutional Risks
The current Bitcoin (BTC) market is experiencing a significant shift with the increasing institutional adoption and investment in cryptocurrency assets. Tiger Research has released a new report that estimates that Bitcoin could reach $190,000 by Q3 this year.
According to their analysis, they have identified three primary drivers for this growth: record liquidity expansion, retirement fund access, and ETF demand. The research firm highlights how the global M2 money supply has exceeded $90 trillion, indicating an unprecedented increase in liquidity.
Additionally, institutional accumulation of Bitcoin now accounts for approximately 6% of its total supply, fueled by ETFs and corporate treasuries. Tiger Research also notes that President Trump’s executive order will likely result in 401(k) plans being reevaluated to include alternative assets. If this happens, the market would see a significant influx of demand from retirement funds.
The report emphasizes that institutional adoption is no longer limited to Bitcoin alone but has expanded to encompass various other cryptocurrencies and asset classes. This shift towards tokenization allows for greater inclusion in the financial markets, enabling investors to diversify their portfolios with new opportunities.
Binance founder Changpeng Zhao, also known as CZ, was recently interviewed at Bitcoin Asia in Hong Kong. He expressed concerns about the risks associated with this rapid growth, highlighting potential issues in treasuries and institutional investment in tokenized assets during market downturns. While he acknowledged the transformative power of institutional adoption, he emphasized that it would be essential for these new actors to have a clear understanding of the cryptocurrency market’s dynamics.
CZ also spoke about BNB Chain’s potential for further growth, citing its ability to support AI, DeFi, and Real-World Assets (RWAs) as key drivers.
Source: cryptotale.org
