Pointing to aggressive purchases in spot Bitcoin exchange-traded funds (ETFs), the analyst said that the rises may continue.
Bitcoin price reached an all-time high on March 5, and investors’ appetite for buying was greatly increased. Apart from individual investors, institutional actors such as BlackRock and Fidelity in its purchases for the spot Bitcoin ETF issuance. In this process, it increased its volume exponentially.
Making a statement on the subject Alex Adelman, CEO of Lolliespecially corporate aggressive purchases He stated that Bitcoin’s rise will continue as long as it continues in the next year. 150 thousand dollars can be exceeded told:
As demand from Bitcoin ETFs continues to outpace new production, with an average daily inflow of $500 million, we are likely to see Bitcoin continue to rise. Following the halving, increased supply shortages and strong demand from both individual and institutional investors will likely push Bitcoin’s price higher. Based on historical trends following the halving, Bitcoin’s price could exceed $150,000 next year.