Analysts by the American bank CITI believe that Bitcoin (BTC) will grow to $ 135 thousand by the end of 2025 with the base script and to $ 199 thousand – with optimistic, writes RBC Crypto. The most pessimistic forecast of the bank is a fall by $ 64 thousand.
On July 25, Bitcoin is trading about $ 116.2 thousand. This is 5.2% lower than the historical maximum of about $ 123 thousand, established on July 14.
CITI analysis takes into account three key factors: user involvement, macroeconomic conditions and demand from the sp – spoon exchange funds (ETF). First of all, bank analysts predict an increase in the number of BTC users by 20%. This in itself can provide a price of about $ 75 thousand, the report said.
Given the macroeconomic factors, such as the yield of shares and gold, the CITI forecast is reduced by about $ 3.2 thousand, while the estimated additional flow of funds in the ETF of $ 15 billion increases the forecast price by about $ 63 thousand. As a result, the basic target at the end of the year is $ 135 thousand.
The pessimistic forecast, largely due to the “weak state of the stock market”, reduces the forecast to $ 64 thousand, analysts wrote.
The influx of funds in the ETF has become the main driving force of the Bitcoin price since the launch of these funds in the United States in January 2024. Despite the fact that the implementation curve still serves as a guide to analysts, the growing integration of cryptocurrencies into traditional finances through ETF, the inclusion of exchange indices and active recognition by regulators means that macroeconomic and institutional flows are becoming more and more significant, the report said.
CITI analysts note that the risk for their forecast is shifted towards the increase. Demand for ETF is growing faster than expected, and user activity decreases more slowly than predicted. This suggests that the “network effects” can last longer than was originally supposed, the bank experts say.
In January, Standard Chartered predicted bitcoin of $ 200 thousand before the end of the year, also based on an analysis of the inflow of institutional capital in ETF. Analysts of this bank predicted BTC growth by $ 120 thousand until the end of June. They made a mistake for two weeks: Bitcoin exceeded this mark in mid -July.
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Source: Cryptocurrency
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