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The Future of Cryptocurrency: Predictions for a 150% Surge by 2025 – Should You Invest?
Bitcoin Price Forecast: A Closer Look
Back in October, investment firm Bernstein made a bold prediction that Bitcoin (CRYPTO: BTC) would reach $150,000 by mid-2025. At that time, Bitcoin was trading at around $35,000, with no spot Bitcoin ETFs in sight and the highly anticipated halving yet to happen.
Fast forward six months, and Bernstein has reaffirmed its $150,000 price target for Bitcoin. The investment case for Bitcoin has only strengthened since then. Despite recent price fluctuations, the question remains – is it a good time to invest in Bitcoin?
The Rise of Bitcoin ETFs
Bernstein highlights the significant impact of the new spot Bitcoin ETFs on Bitcoin’s current momentum. These ETFs, launched in January, have amassed over $30 billion in assets under management, marking a remarkable success story in the financial world.
The iShares Bitcoin Trust (NASDAQ: IBIT) stands out as the top ETF, attracting a massive $17 billion and holding over 200,000 bitcoins, equivalent to more than 1% of the total Bitcoin supply. The influx of funds into these ETFs has been unprecedented, setting the stage for further growth.
The Potential of Bitcoin ETFs
While spot Bitcoin ETFs have gained traction globally, the U.S.-based ETFs are poised to dominate the market, with projections suggesting they could hold up to 10% of all circulating Bitcoin, around 2 million bitcoins. This indicates that the Bitcoin ETF cycle is far from over, especially as investment advisors consider increasing portfolio allocations to Bitcoin.
Unpacking the Halving
Despite the recent price dip post-halving in April, history suggests that Bitcoin’s price tends to surge after each halving event. With three previous halving cycles resulting in significant price rallies, there is optimism that Bitcoin could follow a similar trajectory this time around.
Bernstein anticipates Bitcoin hitting $90,000 by the end of 2021 before embarking on a substantial rally leading up to 2025.
Investing in Bitcoin: A Wise Move?
Considering the positive outlook for Bitcoin, fueled by the rise of Bitcoin ETFs and the potential impact of the halving, investing in Bitcoin now appears to be a strategic decision. The influx of funds into ETFs and the historical performance post-halving point towards a bullish future for Bitcoin.
While external factors like geopolitical tensions or economic uncertainties could pose risks, the overall sentiment favors Bitcoin’s upward trajectory. With projections of Bitcoin reaching $150,000 by mid-2025, the case for investing in Bitcoin remains strong.
Final Thoughts
Given the current market dynamics and the promising outlook for Bitcoin, it seems like an opportune time to consider investing in this digital asset. With the potential for significant growth in the coming years, Bitcoin presents a compelling investment opportunity for those looking to diversify their portfolios.
The Future of Cryptocurrency: Predictions for a 150% Surge by 2025 – Should You Invest?
The Latest Update on Tomorrow’s Oil Prices: Bangchak PTT Economic Basis Forecast for 2024
Tomorrow’s oil price 2024 (6 May) Bangchak PTT Latest price update “Economic Basis” has the answer.
Tomorrow’s oil price is unchanged. After PTT Oil and Retail Business Public Company Limited (OR) and Bangchak Corporation Public Company Limited (BCP) announced a reduction of 50 satang per piece in the retail price of gasoline and gasohol.
Meanwhile, diesel prices are unchanged on 4 May 2024.
As a result, retail oil prices in the Bangkok area That does not include local maintenance tax tomorrow are as follows.
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- Topics: Bang Chak, diesel, Economic base, Gasohol, Oil, Oil price, oil price tomorrow, or, Petrol, PTT, tax, Tomorrow’s oil price 2024
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The Latest Update on Tomorrow’s Oil Prices: Bangchak PTT Economic Basis Forecast for 2024