Cryptopolitan
2024-12-13 12:36:25

Bitcoin to hit $160k by 2025, predicts Matrixport

Bitcoin’s 2024 performance has already shattered expectations. After breaching $100k recently, it is expected that the biggest crypto might hit $160k by 2025. The massive 136% Year-to-date (YTD) surge for BTC has been driven by institutional adoption, increasing use cases, and growing regulatory clarity. The global crypto market has seen Bitcoin regain the spotlight after Donald Trump’s US presidential election win. BTC price has soared by over 55% in the last 30 days while its supremacy grew to 55.21%. The cumulative digital assets market cap is hovering around the $3.6 trillion mark. Matrixport sees Bitcoin at $160K According to the Matrixport report , BTC price is expected to reach $160,000 in 2025, which is still a 60% upward run from current market conditions. This target comes with projections of sustained demand for Bitcoin ETFs, macroeconomic shifts, and global liquidity expansion. Its analysis recommends a 1.55% allocation for optimal diversification and portfolio stability. The report mentioned that adoption is nearing a critical threshold and Bitcoin could cross the 8% global adoption mark by 2025. Recently, BlackRock advised limiting BTC to 2% of a multi-asset portfolio by citing its volatility. The world’s largest asset manager suggests that this allotment is needed to balance risk akin to tech stocks in a classic 60/40 portfolio. The report mentioned that the market dynamics have changed as there are not many chances of 80% drawdowns based on increased institutional involvement and strong surges in dip buying activity. While corrections remain natural, they are expected to be less severe. Indicators like the Greed and Fear Index show a shorter consolidation phase. This comes with normalized funding rates and stabilizing markets. As of now, the index is at “Extreme Greed.” BTC is trading at an average price of $100,474 as of press time. Trump’s crypto plan President-elect Donald Trump has already outlined his plans for the US to become the global leader in crypto. In a recent interview with CNBC’s Jim Cramer, Trump stated, “We’re gonna do something great with crypto.” He also stressed the importance of staying ahead of international competitors like China. The creation of a national strategic Bitcoin reserve is one of the bold declarations Trump made during his campaign. The move would undoubtedly solidify the country’s role in the crypto ecosystem. Meanwhile, his venture into the crypto sector and collaboration with billionaire Steve Witkoff has raised ethical concerns. The most recent is its partnership with the Tron platform, which has the infamous reputation as the preferred platform for terror groups and criminal activities. Data show that Trump’s World Liberty has bought another 37,052 LINK(approximately worth $1 million) at $27 and 685 AAVE (approximately worth $246.7K) at $360. The organization has also been reported to spent $30 million USDC to buy 8,105 Ether and $10 million USDC to add 103 cbBTC since November 30. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

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