Russian investors expect Bitcoin to peak at $160,000 this cycle

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ODAILY
12-09
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According to an investigation conducted by the Russian state news agency TASS, Russian investors surveyed expect Bitcoin to rise to $160,000 this cycle, but it is unlikely to double to $200,000 in the short term. As for the recent rise in Bitcoin, analysts point to macroeconomic changes, such as the Federal Reserve's rate cut after a prolonged tightening phase, as well as growing concerns about global liquidity and inflation, which are prompting investors to turn to scarce assets like Bitcoin. Institutional adoption is also an important factor, including large-scale accumulation by companies like MicroStrategy and BlackRock. Although market enthusiasm is high, analysts remain cautious about Bitcoin's long-term prospects. Some respondents believe there are two possible scenarios for Bitcoin in the future: a "conservative target" of $130,000, and a more bullish ceiling of $160,000 by the mid-2025 summer. However, they unanimously believe that $200,000 is unlikely to be reached within the current cycle.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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