The leading podcast The Wolf of All Streets Scott Melker predicts that this year the bitcoin exchange rate is able to sharply grow to $ 250,000 due to the increased interest of institutional investors for cryptocurrency.
The analyst said that the crypto is becoming more mature, since more and more pension and exchange funds (ETF) enters it. In addition to the growing interest of large lawyer companies, the decreasing volatility of bitcoin can also become a key growth catalyst. Melker noted that in recent years it has decreased significantly, and the cryptoine has become more stable. Bitcoin was previously three times more volatile than the S&P 500 index, but now the other way around: the volatility of bitcoin is two less compared to S&P.
The S&P 500 index tracks 500 largest public companies in the United States working in different sectors, including technologies, healthcare and finance. It includes such well -known companies as Apple, Microsoft, Amazon and Google. The S&P 500 shares index of Coinbase crypto -rope also included, which has become an important stage in the development of crypto industry, because Coinbase shares have become available to millions of average investors. Melker noted that Coinbase is becoming one of the largest companies in market capitalization, and this is another evidence of how strengthened the positions of crypto -films. The investment company Galaxy Digital and the Israeli Etoro crypto -story also enter the stock market.
“To achieve $ 250,000 this year is quite possible for bitcoin. The more institutional money and capital from Wall Street flows into it, the more long-term holders are involved, so Bitcoin’s volatility will decrease, ”Melker explained.
The cryptoanalyst believes that the regulatory environment more loyal to cryptocurrencies in the United States lays a strong foundation for the development of the industry. This is facilitated by decrees of President Donald Trump on the development of cryptocurrencies and the termination of trials with cryptocurrencies.
Last year, the founder of the Cardano blockchain Charles Hoskinson suggested that by 2027, Bitcoin would trade for $ 500,000. And the General Director of Strategy Michael Saylor (Michael Saylor) is sure that after 20 years, Bitcoin will cost $ 13 million.
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Source: Cryptocurrency
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