Matrixport: Bitcoin could reach $160,000 by 2025
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Odaily reported that the cryptocurrency financial services company Matrixport believes that Bitcoin could reach $160,000 by 2025. Matrixport's head of research, Markus Thielen, stated that "this outlook is supported by the sustained demand for Bitcoin ETFs, favorable macroeconomic trends, and an ever-expanding global liquidity pool." As is well known, Bitcoin is highly volatile and could drop 70% to 80% from its historical high. Thielen said the 2025 correction will be "less pronounced." Thielen noted that "the growing pool of buy the dips investors and strong institutional support for Bitcoin are expected to mitigate severe corrections in the crypto market." Matrixport forecasts that Bitcoin will reach $125,000 in 2024. (CNBC)
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