Bitfinex: Bitcoin could reach $200,000 by mid-2025 and will maintain a mild correction trend
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Odaily reports that Bitfinex analysts in their latest market report stated that due to strong institutional demand, the Bitcoin downturn in 2025 will be short-lived, forecasting the best-case scenario is that Bitcoin price will double by June 2025, with the lowest price estimate "reaching $145,000 by mid-2025, and potentially rising to $200,000 under favorable conditions." The analysts said: "We believe that any 2025 adjustments will remain moderate due to the influx of institutional funds." They pointed out that while Bitcoin is expected to be volatile in Q1 2025, the "broader trend" indicates its price will continue to rise, thanks to the sustained inflow into spot Bitcoin ETFs and increased global and institutional adoption. Farside Investors data shows that since its launch in January, around $36 billion has flowed into US spot Bitcoin ETFs. The analysts added: "BTC ETFs are one of the largest Bitcoin holder groups, holding over 1.13 million BTC."
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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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