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crypto.news 2024-12-13 09:58:24

Matrixport sees 60% upside for Bitcoin, targets BTC price to hit $160,000 in 2025

With institutional support and growing adoption, Matrixport predicts Bitcoin will surpass $150,000 by 2025, signaling its transformation to a core global asset. Bitcoin’s ( BTC ) path to $160,000 by 2025 appears increasingly likely, as growing institutional backing and a maturing market set the stage for a major shift in its role within global finance, analysts at Matrixport said in a recent report . The analysts note Bitcoin’s integration into diversified portfolios “has proven effective,” with analysts recommending a “1.55% allocation to achieve optimal diversification while maintaining portfolio stability.” “Bitcoin and the broader cryptocurrency market are approaching a critical adoption milestone, with the potential to surpass the 8% adoption threshold by 2025. Historically, technologies that cross this mark, such as smartphones and social media, experience exponential growth driven by network effects and broader accessibility.” Matrixport You might also like: What Bitwise knows about Bitcoin’s $200,000 prediction and why it matters to you? Matrixport predicts Bitcoin, the largest cryptocurrency by market cap, could reach $160,000 by 2025, supported by rising demand for Bitcoin exchange-traded funds and global liquidity growth. The report notes that the market is changing, with Bitcoin’s expanding buyer base and institutional support helping to reduce the risk of severe corrections seen in previous cycles. The report also points out that key indicators, such as our proprietary Greed & Fear Index, signal that the current consolidation phase “may be shorter than previous ones,” the analysts noted, adding further that with “funding rates normalizing and market conditions stabilizing,” the stage is set for “renewed upward momentum.” “The swift recovery from recent overheated conditions highlights the resilience of the market and its readiness for the next phase of growth,” Matrixport concluded. Read more: Texas House eyes Bitcoin reserve laws

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