Cryptocurrency financial services company Matrixport says Bitcoin could reach $160,000 in 2025.
Matrixport's head of research Markus Thielen said, "This outlook is supported by continued demand for Bitcoin ETFs, favorable macroeconomic trends, and expanding global liquidity pools."
Bitcoin is notoriously volatile and can fall 70% to 80% from its all-time high. Thielen said the 2025 correction will be "less pronounced." Thielen said, "Bitcoin's growing base of bargain hunters and strong institutional support are expected to mitigate a severe correction in the cryptocurrency."
In 2023, Matrixport predicted that Bitcoin would reach $125,000 in 2024. (CNBC)