Bitcoin Surges to New Heights: Predicted to Reach $150,000 by End of 2025 Amid Institutional Buying and Supportive U.S. Policies
The latest report from COINOTAG on August 16 reveals a significant surge in Bitcoin, which has ascended to a remarkable price of over $123,000, eclipsing its previous peak in July. This impressive rally is primarily propelled by robust institutional investment, an increased allocation of corporate treasuries, supportive U.S. policies, and sovereign entities amassing profits from Bitcoin holdings. Experts at the deVere Group project a potential climb to $150,000 by 2025, highlighting the shift in market dynamics. Since the start of the year, Bitcoin has experienced a meteoric rise of over 31%, and is up roughly 60% from its low in April. Key catalysts for this growth include unprecedented inflows into the U.S. Bitcoin spot ETF, substantial acquisitions by publicly traded companies, and favorable government policies towards cryptocurrency. Nigel Green, CEO of deVere Group, notes a confluence of factors is driving this unprecedented demand, signaling a holistic transformation within the global financial landscape.