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The Bull Run Continues; Bitfinex Projects $200,000 Bitcoin Price in 2025
Bitcoin’s (BTC) impressive run is expected to continue into the next year, as per a recent report by Bitfinex. The exchange has predicted that the price of Bitcoin will soar up to $200,000 in 2025.
The report highlights institutional demand as a key factor driving the price action. This assertion is supported by the significant influx of institutional funds into the market this year. With over $37 billion worth of spot Bitcoin ETFs approved, it’s expected that these funds will continue to play a crucial role in shaping the market.
Market participants are looking forward to a post-halving rally similar to previous cycles. Miners have been repositioning their holdings ahead of each halving event, and next year is no exception. Furthermore, tightening global financial conditions are expected to propel Bitcoin’s price higher.
Another factor that could contribute to this rise is the potential for more users to turn to Bitcoin as a store of value due to inflationary trends. As core CPI steady at 3.3% YoY reflects persistent pressure in vehicle prices and durable goods, investors may view Bitcoin as an attractive option.
Source: zycrypto.com
