Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-price-could-reach-100000" data-wpel-link="internal">Bitcoin Price Could Reach $100,000</a><br></p>
<p style="text-align: justify">Bitcoin has experienced a notable downturn recently, with its value falling to $63,400, a level last seen roughly a month ago. Since June 7, the cryptocurrency’s price has dropped by about 11%, with altcoins facing even steeper declines.</p> 
<h2 id="what-are-analysts-saying">What Are Analysts Saying?</h2> 
<p style="text-align: justify">Despite the downturn, some analysts remain optimistic about Bitcoin’s <a href="https://newslinker.co" target="_blank" rel="noopener nofollow" data-wpel-link="exclude">future</a>. CrediBULL Crypto, a prominent <a href="https://en.bitcoinhaber.net/ftms-market-outlook-a-technical-analysis-of-the-falling-wedge-breakout" data-wpel-link="internal">crypto analyst</a> with 400,000 followers on social media platform X, shared bullish insights. He highlighted previous rapid price movements, noting a $35,000 surge in just 50 days. CrediBULL Crypto suggests that Bitcoin could reach $100,000 within 30 days, given that current trading levels are around $64,000. He believes the cryptocurrency still has about six months left for significant growth.</p> 
<h2 id="could-bitcoin-hit-200-000-by-2025">Could Bitcoin Hit $200,000 by 2025?</h2> 
<p style="text-align: justify">CrediBULL Crypto isn’t alone in his positive outlook. Analysts from Bernstein Research have revised their long-term price forecast for Bitcoin, now predicting it could hit $200,000 by the end of 2025. This is an increase from their previous prediction of $150,000. They also project that spot Bitcoin exchange-traded funds (ETFs) could account for roughly 7% of the total circulating supply by 2025.</p> 
<p style="text-align: justify">Furthermore, Bernstein analysts speculate that this cycle could peak with Bitcoin reaching $1 million by 2033. They estimate that ETFs might then hold around 15% of the cryptocurrency’s circulating supply.</p> 
<h2 id="key-inferences-for-investors">Key Inferences for Investors</h2> 
<ul> 
 <li>Bitcoin’s price needs to rise by 56.25% from its current level to reach $100,000.</li> 
 <li>Acceleration in Bitcoin purchases through ETFs is crucial for this price surge.</li> 
 <li>Addressing inflation in global markets, especially in the U.S., is necessary for Bitcoin’s growth.</li> 
 <li>ETFs could significantly influence Bitcoin’s market, possibly controlling 7% of the supply by 2025 and 15% by 2033.</li> 
</ul> 
<p style="text-align: justify">If these predictions hold, Bitcoin could see significant gains in the coming years, making it a potentially lucrative <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">investment</a>.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-price-could-reach-100000" data-wpel-link="internal">Bitcoin Price Could Reach $100,000</a></h5>

Bitcoin Price Could Reach $100,000

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