Bitcoin

Willy Woo, a respected Bitcoin on-chain analyst, is bullish on the world’s most valuable cryptocurrency. Taking to X on March 4, the analyst&nbsp;<a class="editor-rtfLink" href="https://twitter.com/woonomic/status/1764447535010394306" target="_blank" rel="noopener nofollow">said</a>&nbsp;BTC can soar to as high as $125,000 by the end of 2025. Institutions Are Here, Bitcoin To $125,000 By End Of 2025 
This optimistic outlook hinges on increased institutional adoption, particularly from investment giants Blackrock and Fidelity. Notably, Woo suggests that even a minimal 3% allocation to Bitcoin by clients of these firms could push the price past $125,000.&nbsp; 
For context, the analyst highlights Blackrock’s $9.1 trillion assets under management (AUM) and Fidelity’s $4.2 trillion AUM. These figures are used with Blackrock and Fidelity’s most optimistic portfolio allocation recommendations of <a class="editor-rtfLink" href="https://www.linkedin.com/pulse/blackrock-suggests-85-btc-allocation-what-you-should-really-robert/" target="_blank" rel="noopener nofollow">around</a>&nbsp;84.9% for Blackrock and 3% for&nbsp;<a class="editor-rtfLink" href="https://www.fidelity.com/learning-center/trading-investing/bitcoin-investment-considerations" target="_blank" rel="noopener nofollow">Fidelity</a>. 
Even with this figure, Woo emphasizes that this projection is “very conservative.” In response, the analyst notes this only factors in a small fraction, roughly $13.3 trillion, of the total global wealth estimated at $500 trillion.&nbsp; 
Bitcoin supporters are overly confident, believing that widespread adoption by institutional investors could be triggered by Fidelity and BlackRock’s endorsement of the asset. 
While Woo says the coin can easily float to over $125,000 by the end of 2025, most are bullish. In their predictions, even a 1% allocation of the $500 trillion in global wealth can drive Bitcoin to as high as $300,000. <a href="https://www.tradingview.com/x/Flq19Xzl/" rel="nofollow noopener" target="_blank"><img loading="lazy" decoding="async" class="size-full" src="https://www.tradingview.com/x/Flq19Xzl/" alt="Bitcoin price trending upward on the daily chart | Source: BTCUSDT on Binance, TradingView" width="1233" height="592"></a> 
<h2 id="btc-likely-to-break-70-000-what-s-next">BTC Likely To Break $70,000: What’s Next?</h2> 
Over the past few months, Bitcoin has been on a tear. For context, the coin soared from around $27,000 in October 2023 to above $63,000 when writing in early March. However, what’s evident is that the acceleration from late January 2024 has been noteworthy. The coin is likely to double, going at the current pace, rising from around $40,000. 
So far, buyers are setting their eyes on the all-time high of about $70,000 recorded in late 2021. Considering the deluge in demand and the sharp expansion in prices throughout February, most analysts believe BTC will ease past this level and edge toward $100,000.&nbsp; 
<img loading="lazy" decoding="async" class="size-full wp-image-285047" src="https://bitcoinist.com/wp-content/uploads/2024/03/GHmEuBvbEAEY2Xt.png?resize=1024%2C569" alt="Institutions buying more BTC | Source: Lookonchain via X" width="1024" height="569" srcset="https://bitcoinist.com/wp-content/uploads/2024/03/GHmEuBvbEAEY2Xt.png?resize=1024%2C569?w=4016 4016w, https://bitcoinist.com/wp-content/uploads/2024/03/GHmEuBvbEAEY2Xt.png?resize=1024%2C569?w=640 640w, https://bitcoinist.com/wp-content/uploads/2024/03/GHmEuBvbEAEY2Xt.png?resize=1024%2C569?w=768 768w, https://bitcoinist.com/wp-content/uploads/2024/03/GHmEuBvbEAEY2Xt.png?resize=1024%2C569?w=980 980w, https://bitcoinist.com/wp-content/uploads/2024/03/GHmEuBvbEAEY2Xt.png?resize=1024%2C569?w=1536 1536w, https://bitcoinist.com/wp-content/uploads/2024/03/GHmEuBvbEAEY2Xt.png?resize=1024%2C569?w=2048 2048w, https://bitcoinist.com/wp-content/uploads/2024/03/GHmEuBvbEAEY2Xt.png?resize=1024%2C569?w=750 750w, https://bitcoinist.com/wp-content/uploads/2024/03/GHmEuBvbEAEY2Xt.png?resize=1024%2C569?w=1140 1140w, https://bitcoinist.com/wp-content/uploads/2024/03/GHmEuBvbEAEY2Xt.png?resize=1024%2C569?w=3000 3000w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"> 
The race to $100,000 is primarily fueled by spot Bitcoin exchange-traded fund (ETF) issuers ramping up their coin purchase. As of March 1, Lookonchain data&nbsp;<a class="editor-rtfLink" href="https://twitter.com/lookonchain/status/1763586714541682952" target="_blank" rel="noopener nofollow">shows</a>&nbsp;that eight spot Bitcoin ETF issuers had added 10,999 BTC worth over $680 million, spearheaded by <a href="https://bitcoinist.com/blackrock-private-bitcoin-event/" target="_blank" rel="noopener ">BlackRock</a>. The asset manager bought $601 million of BTC on behalf of its clients. 
Feature image from Canva, chart from TradingView

Analyst: Bitcoin To $125,000 By End Of 2025 Is “Very Conservative”

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