
The Bull Run Continues; Bitfinex Projects $200,000 Bitcoin Price in 2025
In a recent report, prominent digital asset exchange Bitfinex has outlined its predictions for the crypto market outlook in 2025. The forecast does not disappoint, as it anticipates an exponential rise in the value of Bitcoin (BTC), with the possibility of reaching a staggering $200,000 by the end of next year.
The prediction is fueled by what the report describes as “macro factors” and increasing institutional interest in the asset class. This optimism is shared by many market participants, who see the approval of spot Bitcoin ETFs as a significant catalyst for growth. It’s worth noting that these funds have already attracted over $37 billion, indicating a substantial appetite from institutions.
According to the report, several indicators suggest that this bull cycle has not yet reached its peak. The Market Value to Realized Value (MVRV) and Net Unrealized Profit/Loss (NUPL) data show that there is still room for growth before any kind of correction occurs. This theory aligns with past cycles where Bitcoin’s price would surge in the aftermath of a halving event, with the subsequent year recording significant gains.
As we approach the next halving event, it is reasonable to expect that this trend will be repeated. The report also highlights inflationary trends as another major factor driving interest towards Bitcoin as a store of value and hedge against market volatility. With inflation persisting at 3.3% YoY and a projected 3.8% annualized growth rate in Q4, it is likely that the Federal Reserve will adopt a more restrictive stance.
Additionally, favorable crypto laws in the United States are expected to have a profound impact on global sentiment, potentially attracting more institutional investors and further fueling the bull run.
Source: zycrypto.com