Cryptocurrency analytics firm 10x Research predicts Bitcoin will reach the $100,000 milestone early next year, citing factors like institutional adoption, ETF flows, and the ‘Bitcoin black hole effect’. This prediction aligns with other analysts like Matt Hougan of Bitwise, who also expects Bitcoin to surpass $100,000 in the coming years.
Bitwise Chief Investment Officer Matt Hougan sees a bright future for Bitcoin, predicting it will surpass $100,000 by 2025. He attributes this bullish outlook to rising institutional adoption, increasing ETF flows, and the growing mainstream acceptance of cryptocurrency. Hougan highlights the importance of regulatory clarity, with Bitcoin enjoying a more favorable position compared to other digital assets. He also emphasizes the role of institutions like BlackRock in driving Bitcoin’s mainstream adoption.
Cryptocurrency analyst Ki Young Ju highlights the growing dominance of the US in Bitcoin holdings, fueled by the surge in demand for spot exchange-traded funds (ETFs). This trend signifies a growing institutional adoption of Bitcoin, potentially leading to a situation where US ETFs hold more Bitcoin than even its creator, Satoshi Nakamoto, within a year.
