Bitget Research Chief Analyst Ryan Lee has predicted that Bitcoin could rise to $200,000 by 2025, driven by increasing institutional adoption and major developments in the cryptocurrency space.
BlackRock’s anticipated Bitcoin ETF is a game-changer for institutional investors, Lee said. The ETF could simplify access to Bitcoin investments, paving the way for more traditional finance (TradFi) players to enter the crypto market. “The new ETF milestone and BlackRock’s growing fund could push Bitcoin to $200,000,” Lee said.
Lee's optimism stems from several key factors:
- Institutional Adoption: With the world’s largest asset manager, BlackRock, entering the Bitcoin market, other major investors are expected to follow suit, further legitimizing the asset.
- Simplified Investment Channels: The launch of Bitcoin ETFs is expected to make Bitcoin more accessible by lowering barriers for institutional investors.
- Market Growth: “Long-term forecasts suggest that Bitcoin will continue to grow,” Lee said, but noted that regulatory developments, market dynamics, and global economic conditions could impact its trajectory.
The optimism is not limited to Bitcoin. Cole Kennelly, founder of crypto volatility index service Volmex, also sees a revival of risk appetite in financial markets. He noted the potential for a strong recovery in risk assets, including cryptocurrencies, as year-end rebalancing and Fed-induced volatility ease.
“My instincts tell me the market is at full risk and a lot of money is piling into crypto as the year-end logistics and rebalancing are over,” Kennelly said, adding that he expects a significant move in the coming days.
*This is not investment advice.
