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The Bitcoin price may soar to $200k in 2025 due to strong institutional demand, Bitfinex said.
Analysts from Bitfinex, the eleventh largest crypto exchange by trading volume, said in a Dec.17 market report that their minimum Bitcoin price estimate stands “at $145,000 by mid-2025.”
In their best case scenario, the analysts predicted that BTC’s price will double in 2025 to reach $200,000 “under favorable conditions.”
Their predictions are based on the belief that US spot Bitcoin ETF (exchange-traded fund) inflows will pick up next year while global and institutional adoption of BTC simultaneously increases.
Bitcoin Price Volatility Could Pick Up In Q1 Of 2025 Before Bullish Trend Continuation
So far this year, Bitcoin has soared more than 150%. This is after the largest crypto by market cap underwent a 2% correction in the last 24 hours to trade at $103,277.49 as of 1:45 a.m. EST.
The Bitfinex analysts predict that BTC will experience some mild volatility in the first quarter of 2025. But they maintain a bullish outlook on the leading crypto, saying that BTC’s long-term positive trend will likely continue and its price should keep climbing in 2025.
Bitcoin ETFs Flip Gold Funds In AUM
The Bitfinex analysts’ prediction that funds will continue to flow into spot BTC ETFs comes as these Bitcoin-focused investment products flipped gold funds in assets under management (AUM). Data from K33 Research shows that US BTC ETFs collectively broke $129 billion on Dec. 16.
gm!
U.S. Bitcoin ETFs flipped U.S. gold ETFs AUM yesterday. pic.twitter.com/OVYjKGXtuv
— Vetle Lunde (@VetleLunde) December 17, 2024
Bloomberg ETF analyst Eric Balchunas commented on the milestone, and said that it is “unreal” that Bitcoin funds are even competing with gold in this way after just 11 months.
US Bitcoin ETFs posted $493.9 million net inflows yesterday. BlackRock’s IBIT pulled in the highest amount of capital with $741.4 million inflows. WisdomTree’s BTCW and Grayscale’s BTC were the only other funds to record net inflows.
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