Sid Powell, co-founder and CEO of decentralized finance platform Maple Finance, has predicted that Bitcoin could reach a price range of $180,000 to $200,000 by the end of 2025.
Powell shared his views in an interview with CNBC’s Squawk Box Europe, citing several factors that could be driving Bitcoin’s potential rally, including institutional adoption and the expected impact of Bitcoin ETFs.
Powell highlighted the similarities between the launch of Bitcoin ETFs and the earlier launch of gold ETFs, which saw significant inflows in their early years.
“Historically, if you look at it, when we’ve seen gold ETFs launch, the inflows in the first year have increased significantly in subsequent years, and I think we can expect to see that in Bitcoin ETFs as well,” the CEO said. He believes that as Bitcoin becomes a core asset for institutional asset managers, inflows will increase over time and support sustainable price appreciation.
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Another important factor Powell mentioned is the possibility of a Bitcoin strategic reserve being established in the United States. This development, while speculative, could serve as a significant driver of institutional interest and adoption, further stabilizing Bitcoin’s price trajectory.
Despite his bullish forecast, Powell specifically noted the cyclical nature of Bitcoin.
“Crypto remains a cyclical sector,” Powell said, referring to past market cycles where Bitcoin experienced sharp corrections followed by sharp increases.
For example, Bitcoin rose to nearly $70,000 in 2021 as interest in cryptocurrencies peaked, but fell below $17,000 in 2022 following a series of major bankruptcies in the crypto sector.
But Powell suggested that extreme declines of 70%-80% seen in past cycles are less likely in 2025 because of the offsetting effect of institutional inflows.
*This is not investment advice.
Continue Reading: CEO of Giant Cryptocurrency Company Reveals the Level He Thinks Bitcoin Price Will Hit in 2025
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Author: NixCoin
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